Wednesday, July 29, 2009

One Georgia Bank Ranks No. 1

(BUSINESS WIRE)--One Georgia Bank grew its small-business loan volume faster than any other bank in the state as of June 30, processing more than $11 million in loans approved by the U.S. Small Business Administration.

This places One Georgia Bank firmly in front of the pack, with its nearest competitor behind by more than $1 million in dollar volume.

SBA approved 14 7(a) loans for One Georgia Bank totaling $11.2 million through June 30th for the fiscal year starting October 1, 2008, and ending September 30, 2009.

“It’s the nation’s small businesses that will drive any economic upturn,” said Willard “Chuck” Lewis, President and Chief executive officer of One Georgia Bank. “We’re pleased to provide the gas.”

One Georgia Bank started its SBA lending department in March 2008 and by September 30th of that year had processed more than $6 million in SBA-approved 7(a) loans. By December, the bank was named a Preferred Lender by the SBA, giving One Georgia Bank the ability to process small-business loans faster. This helped the company earn the SBA’s Pacesetter Award for 2008.

One Georgia Bank also participates in the SBA’s Patriot Express program for military families and the SBA CapLines program for homebuilders.

“One Georgia Bank remains committed to small-business lending during this period of economic adversity,” said Kevin L. Clingman, Vice President and Manager of SBA Lending at One Georgia Bank. “Small-business owners can count on us.”

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