SBA Lending: Catching On

June 16th, 2014

SBA Lending: Catching On

As published in a recent post by the San Francisco Business Times, written by Mark Calvey, banks are looking to broaden SBA lending and gain “preferred lender” status.

SBA Lending: Catching On

Trans Pacific CEO Dick Kahler looks to capitalize on the benefits of the SBA loan program by expanding SBA lending at Trans Pacific National bank.

There has been a drastic decrease in lending to small businesses in recent years due to the crash in 2008. “There isn’t a bank that wasn’t hit by the financial crisis if they were unlocking their doors every morning,” says Kahler. However, Kahler sees that SBA loans, which are backed by the U.S. small Business Administration, as a fantastic opportunity for growth and to supply small businesses with unique opportunities. In addition, it is also an opportunity to make up for real estate loan losses created by the recession.