Ion Bank News
Ion Bank receives SBA Preferred Lender Status
July 20, 2015Ion bank was recently granted Preferred Lender Program (PLP) status from the Small Business Administration (SBA). This designation allows Ion Bank to decide unilaterally on SBA participation in eligible loans. The PLP is part of SBA's effort o streamline the procedures necessary to provide financial assistance to the small business community.
Lenders are considered for PLP status based on their record with the SBA, and must have demonstrated a proficiency in processing and serving SBA-guaranteed loans.
"Ion Bank is proud to have earned the Preferred Lender designation from the SBA," said Jayne Kelly, Senior Vice President of Commerce Lending. " We are a complete provider of business services and this is yet another way that Ion Bank demonstrates its commitment to helping area businesses grow.
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