MADISON, WI – December 20, 2023 – First Business Bank’s SBA Lending team first achieved Top-100 SBA Lender in the nation, based on fiscal year lending volume, in January 2022, and continues to maintain the distinction through year-end of 2023.
Along with steadily growing SBA loans at First Business Bank, Managing Director of SBA Lending Jerry Huynh said he is driven by a desire to help leaders from underrepresented groups achieve their business goals through SBA Lending.
“We’re hoping to bridge the financial gap for those often overlooked in the business world,” Huynh said. “We are deeply committed to empowering business owners from underrepresented groups, including people identifying as ethnic minorities and those from the LGBTQ+ community. Our aim is to create a platform where diverse entrepreneurs receive the funding and support they need to thrive. We believe in nurturing an inclusive economy where every ambitious business owner has the opportunity to turn their vision into reality.”
In 2015, First Business Bank earned the significant SBA-designated Preferred Lending Partner (PLP) status, which grants the lender authority to process, close, service, and liquidate most SBA-guaranteed loans without prior review. “For borrowers, this means faster service with local, community-focused banks,” according to the U.S. Small Business Administration.
An SBA-designated Preferred Lending Partner, First Business Bank’s Top 100 SBA Lending team provides efficient access for businesses to several SBA loan programs, including 7(a) loans, 504 loans, and the International Trade Loan program. The team operates nationwide to assist businesses with various needs, such as commercial real estate purchases, tenant improvements, equipment, working capital, business startup costs, inventory, business acquisitions, and debt refinancing.
About First Business Bank
First Business Bank® specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC®. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc®. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank. Member FDIC