BofA Community Development Bank's Fresno office wins preferred lender status from SBA.FRESNO, Calif.--(BUSINESS WIRE)--Sept. 27, 1995--Bank of America Community Development Bank has been awarded "preferred lender" status in the Central California Central California can refer to one of several divisions or regions of the U.S state of California:
abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government ), allowing it to dramatically improve turnaround times for small business loan applications. "We're delighted to win this special designation by the regional SBA office as a preferred lender," said Andy Seeto, small business lending officer for Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Community Development Bank. "It will allow us to serve our customers better throughout Central California." "Preferred lender" status is the highest ranking given to participating lending institutions by the SBA, allowing loan applications submitted by these institutions to be processed more quickly than those submitted by non-preferred lenders. "We believe that Central California holds great potential for small businesses, and we hope that as a preferred lender, we can reach more small business owners throughout the region," Seeto said. The Fresno office of Bank of America Community Development Bank serves Central California from Bakersfield to Monterey, and includes Kern, San Joaquin San Joaquin (săn wäkēn`), river, c.320 mi (510 km) long, rising in the Sierra Nevada, E Calif., and flowing W then N through the S Central Valley to form a large delta with the Sacramento River near Suisun Bay, an arm of San Francisco Bay. , Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Santa Cruz, Stanislaus, Alpine and Inyo counties. Bank of America Community Development Bank is a subsidiary of BankAmerica that provides SBA and other governmented-assisted small business loans, as well as a full range of financing for the construction and rehabilitation of low-income, multifamily housing. CONTACT: Bank of America Russ Yarrow yarrow, a plant of the genus Achillea, perennial herbs of the family Asteraceae (aster family), native to north temperate regions. Several species are cultivated as ornamentals for their flat-topped clusters of flowers and scented foliage. , 415/953-1411 |
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