SBA Banks
In the previous post we covered Part 1 of SBA Banks with Preferred 
Lender Status which was created to make the entire loan approval process much faster for small businesses.
Under this program, the SBA streamlines the procedures for SBA banks by giving them the authority to make the final credit decision.
While the Small Business Administration does not loan money directly, when you apply for an SBA-backed loan, you are basically asking the SBA to provide a guarantee that you will repay.
Unfortunately, with non preferred SBA approved banks the loan process can take up to four weeks because they have to send their loans directly to the SBA for approval.
It’s important to realize not all lenders are nominated to receive this lending designation. It is only open to lenders based on a proven track record of successfully processing and servicing SBA-guaranteed loans.
Here is Part 2 of the most recent list of SBA Banks with Preferred Lender status:
| Highland Commercial Bank 3411 Ernest Barrett Parkway
Marietta, GA 30064 Contact: Beverly Carter Voice #: 770/333-0772 Fax #: 678/564-0270 |
JPMorgan Chase Bank, N.A. 595 Piedmont Ave, Ste 300
Atlanta, GA 30308 Contact: Lakesha Johnson Voice #: 404/647-9443 Fax #: 866/310-4991 |
Metro City Bank 5441 Buford Highway
Suite 109 Doraville, GA 30340 Contact: Nack Paek Voice#: 770/455-4989 Fax#: 770/455-4988 |
Newtek Small Business Finance, Inc 1440 Broadway – 17th Floor
New York, New York 10018 Contact: Peter Downs Voice #: 212/356-9510 ext. 10125 Fax #: 212/643-0340 |
| NOA Bank 2476 Pleasant Hill Rd, Ste #201
Duluth, GA 30096 Contact: Steve Bae Voice #: 678-385-0828 Fax #: 678-385-0849 |
The PrivateBank & Trust Company 3169 Holcomb Bridge Rd,
Suite 202 Norcross, GA 30071 Contact: Cathy Brown Voice#: 770/840-2610 Fax #: 770/840-2601 |
Private Bank of Buckhead 3565 Piedmont Road,
Building 3, Suite 210 Atlanta, GA 30305 Contact: Joy C. Manbeck Voice #: 404/264-7989 Fax #: 404/264-7978 |
Quantum National Bank 505 Peachtree Industrial Blvd
Suwanee, GA 30024 Contact: Amy Amorose Voice #: 770/945-8300 Fax #: 770/831-9546 |
| Queensborough National Bank & Trust Company 120 S. Zetterower Avenue
Statesboro, GA 30458 Contact: Bruce Avant Voice #: 912/764-9719 Fax #: 912/489-2453 |
RBC Bank 3815 Mansell Road, Ste 150
Alpharetta, GA 30022 Contact: Amy Carson Phone: 678/277-4582 Fax: 678/277-4352 |
Regions Bank 250 Riverchase Pkwy East
Birmingham, AL 35244 Contact: Philip Hassler Voice #: 205/560-5210 Fax #: 205/560-8881 |
Shinhan Bank America 211-11 Northern Blvd
Bayside, NY 11361 Contact: Tammi Wui Voice #: 718/281-7825 Fax #: 718/224-6416 |
| Signature Bank of Georgia 505 Peachtree Parkway
Cumming, GA 30041 Contact: Burton Blackmar Voice #: 404/303-3217 Fax#: 678/455-7602 |
SunTrust Bank Mail Code CS-RIC 4323
7818 Parham Road, 3rd Floor Richmond, VA 23294 Contact: Brian K. Smith Voice #: 804/270-8168 Fax #: 866/788-3584 |
Synovus Bank 1750 South 14th Street
Fernandina Beach, FL 32034 Contact: Vicki Beaudry Voice #: 904/277-5292 Fax #: 904/491-7263 |
Touchmark Bank 6035 Peachtree Road, Ste C 120
Doraville, GA 30360 Contact: Katrina Winberg, SVP Voice #: 770 407 6747 Fax #: 770 407 7856 |
| United Central Bank 5675 Jimmy Carter Blvd
Norcross, GA 30071 Contact: Xiomara Smith Tel: 678/349-3200 Fax: 678/349-3290 |
United Community Bank P.O. Box 279
Cornelia, GA 30531 Contact: Carol Clark Voice #: 706/776-9025 Fax #: 706/778-9413 |
Wells Fargo Bank, National Association 1455 West Lake Street,
Suite 306 Minneapolis, MN 55408 Contact: Thomas Burke Voice #: 612/667-2753 Fax #: 866/932-1889 |
Wilshire State Bank 4864 Jimmy Carter Blvd.
Suite 202 Norcross, GA 30093 Contact: Jong Goo Kim Voice #: 678/349-8000 Fax #: 770/290-5975 |
When you choose an SBA Bank that is a preferred lender you should aim to find one that caters to your type of business. By choosing SBA Preferred lenders that specialize in making loans to businesses like yours you can greatly improve your chances of getting an approval.
Looking to qualify for an SBA Loan and obtain business credit? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to vendor lines of credit, fleet cards, business credit cards with and without a PG, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free audio seminar ($597 value) =>
About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for AllBusiness, a subsidiary of Dun and Bradstreet and author of “Eight Steps to Ultimate Business Credit” and “How to Build Business Credit with No Personal Guarantee.” His articles and blogs have also been featured in the SBA Community, American Express Small Business, Business Week, The Washington Post, The San Francisco Tribune, Scotsman Guide, Alltop, Entrepreneur Connect, and Active Rain.