Fri, July 13, 2018
Axiom Bank, N.A., a leading community bank headquartered in Maitland, was recently named a “Preferred Lender” by the U.S. Small Business Administration (SBA). This designation allows it to expedite the loan-approval process for commercial customers.
Customers seeking an SBA 7(a) loan typically must wait up to several weeks for the SBA to approve loan requests, after preliminary approval from the bank. The Preferred Lender program streamlines the process by granting the bank the final authority to underwrite and approve the loan on behalf of SBA. To achieve this designation, Axiom Bank was required to meet specific metrics demonstrating its expertise and ability to handle a large volume of SBA loans. The bank maintains dedicated resources to SBA. Its VP, SBA Manager is Scott Amatuccio.
“Time is money, and by removing uncertainty from the equation, we empower our customers to confidently take the steps they need to grow their businesses,” said Ted Sheppe, Executive Vice President of commercial banking for Axiom Bank. “This designation is a testament to Axiom Bank’s financial strength and our commitment to helping small businesses prosper.”
Achieving Preferred Lender status is part of Axiom Bank’s ongoing growth strategy, which also includes acquisitions; branch expansions (the most recent of which is located in Orange County’s Hamlin development); the launch of AxiomGO, a checkless checking account with a cutting-edge mobile banking app; and the addition of staff with specialty expertise.