Merchants & Marine Bank Receives Preferred Lender Status from the Small Business Administration (SBA)
2024年7月16日 - 4:25AM
ビジネスワイヤ(英語)
Merchants & Marine Bank, a subsidiary of Merchants &
Marine Bancorp, Inc. (OTCQX: MNMB), announced today that it was
granted Preferred Lender Program (PLP) authority by the U.S. Small
Business Administration (SBA).
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240715807351/en/
“The PLP authority granted by the SBA enables Voyager Lending, a
division of Merchants & Marine Bank, to approve most SBA loans
in-house, expediting the approval process by eliminating the need
for a separate SBA review,” explains Matthew McElveen, President of
Voyager Lending, the Government Guaranteed Lending division of
Merchants & Marine Bank. “While adhering to all SBA 7(a) Loan
Program requirements for originating, closing, servicing, and
liquidation, our PLP status empowers us to make local decisions and
streamline the lending process for our clients. This translates to
faster turnaround times and a more responsive experience for your
business.”
The agreement was made on April 17, 2024, between Merchants
& Marine Bank and the U.S. Small Business Administration.
ABOUT VOYAGER LENDING:
Voyager Lending is a division of Merchants & Marine Bank and
is comprised of dedicated SBA lending professionals who work
directly with small business owners across the nation, with a
primary focus in the Southeast. Backed by a state-charted
Mississippi bank with more than 100 years of experience, Voyager
Lending provides accessible government guaranteed loans to ensure
small businesses continue to thrive. For more information about
Voyager Lending, please visit www.voyagerlending.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240715807351/en/
Casey Hill, CFO, Merchants & Marine Bancorp, Inc. (228)
934-1307 Casey.Hill@mandmbank.com