SBA Loans - Nexbank Announces Creation Of New Division

NexBank, SSB, a Dallas-based provider of banking and financial services, recently announced their decision to form a new Small Business Administration (SBA) Lending Division at their bank, in keeping with their philosophy of community lending. “As one of the premier community banks in North Texas, we feel it is appropriate to offer this invaluable lending program at this juncture in the economic cycle,” said Davis Deadman, the President and Chief Executive Officer of NexBank. “This program will allow us to continue to help local businesses in these difficult times. Small and medium-sized businesses are the backbone of our economy, and the sooner we can get main street back to normal, the faster the general economy will return as well.”

The new NexBank SBA Lending Division is to be headed by Ron Tittle, who has around 20 years of small business lending experience at other organizations, and has now been appointed the Senior Vice President of SBA Lending at Nexbank. Commenting on this appointment and on the creation of the SBA Lending Division, Deadman added, “Ron and his team are a timely addition to NexBank. This type of service offered to the local business community is well needed and will become one more reason for entrepreneurs to maintain their entire banking relationship with us. The entire team of SBA bankers is seasoned in the industry and has the expertise to remain instrumental in assisting the small business communities in North Texas. Furthermore, with the continuation of the U.S. SBA’s Recovery Act, we can now offer loans up to $5,000,000, a 90 percent guaranty on 7(a) loans and eliminate the upfront guaranty fees associated with all eligible loans.”