John Marshall Bank Announces Inclusion into the Small Business Administration Preferred Lender Program
04 Décembre 2023 - 3:00PM
Business Wire
John Marshall Bank (“JMB” or the “Bank”), subsidiary of John
Marshall Bancorp, Inc. (the “Company”) (Nasdaq: JMSB), is proud to
announce that the Bank has been designated as a “preferred lender”
as part of the Small Business Administration’s (SBA) Preferred
Lender Program. This designation, which is the highest recognition
a lender can receive, adds to the Bank’s growing business banking
operations by greatly streamlining the loan approval process for
SBA guaranteed loans.
In order to receive this designation, the Bank had to process a
designated number of guaranteed SBA loans along with reaching
numerous other criteria set by the SBA. Additionally, the SBA
analyzed the Bank’s ability to efficiently complete loan packages.
These efforts were led by the Bank’s dedicated SBA team and their
commitment to supporting small businesses.
“The Preferred Lender designation from the SBA provides another
avenue for the Bank to serve a broader range of businesses
throughout our footprint,” stated Andrew Peden, SEVP, Chief Banking
Officer. “Along with receiving the expedited service the program
provides, customers will have access to a full range of business
banking services and our expert team dedicated to the success of
their business.”
As an SBA Preferred Lender, the Bank now has the authority and
proven expertise to make loan decisions without direct approval
from the SBA. This greatly streamlines the entire loan approval
process and, in some cases, shortens the loan approval time.
Additionally, it shows business owners that the Bank has a proven
track record of quickly getting them the funds they deserve. The
Preferred Lender status also grants the Bank access to additional
resources, such as educational materials and workshops, to assist
small business owners in running their businesses after receiving
their SBA loans. Beyond Preferred Lender status, the Bank utilizes
LendUX, a specially designed SBA 7(a) lending platform that greatly
enhances the borrower’s user experience throughout the entire loan
process. These are part of the suite of products that the Bank’s
business banking program offers while remaining committed to
investing in technology and efficiencies to improve the customer
experience.
To apply for an SBA loan through John Marshall Bank, reach out
to businessbanking@johnmarshallbank.com.
About John Marshall Bancorp, Inc.:
John Marshall Bancorp, Inc. is the bank holding company for John
Marshall Bank. John Marshall Bank is a $2.30 billion bank
headquartered in Reston, Virginia with eight full-service branches
located in Alexandria, Arlington, Loudoun, Prince William, Reston,
and Tysons, Virginia, as well as Rockville, Maryland, and
Washington, D.C. with one loan production office in Arlington,
Virginia. The Bank is dedicated to providing exceptional value,
personalized service and convenience to local businesses and
professionals in the Washington D.C. Metro area. JMB offers a
comprehensive line of sophisticated banking products and services
that rival those of the largest banks along with experienced staff
to help achieve customers’ financial goals. Dedicated Relationship
Managers serve as direct points-of-contact, providing subject
matter expertise in a variety of niche industries including Charter
and Private Schools, Government Contractors, Health Services,
Nonprofits and Associations, Professional Services, Property
Management Companies, and Title Companies. Learn more at
www.johnmarshallbank.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231204746972/en/
Andrew J. Peden SEVP, Chief Banking Officer 703-584-0840
John Marshall Bancorp (NASDAQ:JMSB)
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