First Business Bank

About / Team

Elva Chan

Closer - SBA Lending

  • First Business Bank
Elva Chan

About Elva

Elva Chan joined First Business Bank in 2022 as Closer - SBA Lending with more than 10 years of banking industry experience in various client service, sales, and operations roles. She has focused on SBA Lending for five years with experience in loan packaging, construction draw funding, monitoring, and closing.

Originally from Hong Kong, Elva moved to Colorado in 2003. In her free time, she enjoys camping, hiking, biking, kayaking, and traveling with her husband and daughter.

construction worker working on desk

Case Study

Manufacturing Company Builds Equity By Buying Building With SBA 7(a) Loan

A manufacturing company in Utah sought to purchase a building and relocate from their leased space to build up equity
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First Business Bank’s SBA Team That Could

There’s something to be said about looking back instead of looking forward. However, our SBA Lending team reached a milestone
Close up of a person’s hand holding a pen writing on SBA loan application.


Collateral Requirements of SBA loans

Collateral requirements for SBA loans are more flexible than the average term loan. Read more here to see if an