Latest news with #SBA504
Yahoo
3 days ago
- Business
- Yahoo
Meriwest Credit Union Shines in Silicon Valley Business Journal's Table of Experts
SILICON VALLEY, Calif., May 30, 2025 (GLOBE NEWSWIRE) -- Meriwest Credit Union, a leading financial institution serving the Greater San Francisco Bay Area and Pima County, Arizona, was recently featured in the Silicon Valley Business Journal's Table of Experts discussion. The conversation, moderated by Tom Zahiralis, SVBJ Market President and Publisher, highlighted Meriwest's 'People Helping People' philosophy and its ability to innovate while maintaining a lean, community-focused organization. Meriwest's leadership team, including President and CEO Lisa Pesta, Executive Vice President and Chief Operating Officer Chad Maze, Vice President and Chief Treasury Officer Jihong Huang, Vice President of Business Services Charles Giuliano, and Vice President of Digital Strategy and Engagement Gene Fichtenholz, shared insights on fostering a strong workplace culture, supporting small businesses, and addressing economic challenges. Their diverse backgrounds and expertise underscored Meriwest's commitment to personalized financial services and community empowerment. Key Highlights from the Discussion: Award-Winning Workplace Culture: Lisa Pesta emphasized Meriwest's six consecutive years as a 'Best Place to Work' by the Silicon Valley Business Journal, driven by transparent communication, employee recognition programs like 'Night of the Stars,' and a focus on diversity, equity, and inclusion (DEI). 'We prioritize clear communication and an inclusive environment to drive innovation,' Pesta noted. Small Business Support: Charles Giuliano highlighted Meriwest's tailored products, such as SBA loans and an AI-assisted micro-loan platform, which support Silicon Valley's vibrant small business community. A notable success story involved Meriwest stepping in to provide a critical SBA 504 loan for a local food manufacturer when another bank withdrew support. Digital Innovation and AI: Gene Fichtenholz discussed Meriwest's seven-year journey integrating AI to enhance efficiency without compromising jobs. 'AI helps our team summarize information and build tools tailored for credit unions,' he said, citing predictive analytics for personalized member experiences. Economic Resilience: Jihong Huang outlined Meriwest's preparedness for potential recessions, with a strong capital ratio, stress-tested balance sheet, and diversified loan portfolio. Chad Maze added that products like the MyLine line of credit eliminate overdraft fees, offering members affordable solutions during financial strain. Community Impact: Meriwest's commitment to closing the wealth gap was a focal point, with Lisa Pesta and Chad Maze detailing financial literacy workshops reaching over 8,600 residents in 2024 and the newly formed Meriwest Community Foundation. These initiatives empower first-time homebuyers, small businesses, and underserved communities. 'At Meriwest, our mission is centered on empowering individuals to realize their financial aspirations,' said Lisa Pesta, President and CEO. 'Our involvement in the Table of Experts discussion underscores our commitment to innovation, community engagement, and cultivating an inclusive environment for both our members and employees.' About Meriwest Credit Union Founded in San Jose, California in 1961, Meriwest Credit Union, ($2.1B in assets) is one of Silicon Valley's most established financial institutions. Dedicated to delivering advice-based, personal, convenient, and innovative financial services to over 80,000 families and businesses throughout the San Francisco Bay Area and Pima County, Arizona, Meriwest offers a wide array of personal banking, business services, and wealth advisory services. Meriwest has been voted one of the 'Best Credit Unions in Silicon Valley' in the Mercury News' Annual 'Readers' Choice Awards' and a 'Best Place to Work' by the Silicon Valley Business Journal 2020 through 2025. More information can be found at Media Contact: Jeffrey ZaneMeriwest Credit UnionPublic Relations408-612-1484jzane@ A photo accompanying this announcement is available at al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
19-05-2025
- Business
- Yahoo
KeyBank's SBA Loans Provide Capital To Fuel Small Business Growth
KeyBank's Small Business Administration (SBA) specialists work closely with business owners offering tailored and smart financing solutions aligned to their goals CLEVELAND, OH / / May 19, 2025 / Starting a small business takes a vision and resources that not every entrepreneur has at their fingertips. As the foundation of our communities, small businesses often require a full suite of financial of solutions* to meet their needs. That's why KeyBank's Small Business Administration (SBA) Specialists take the time to understand each business owner's needs and create tailored financial solutions that help them achieve their goals KeyBank's SBA Loans Put Businesses First As one of the nation's top SBA Preferred Lenders for over 20 years1, KeyBank offers a full suite of SBA loan programs, including the SBA 7(a) loan, the SBA 504 loan, the SBA Express Loan Program. We work closely with entrepreneurs to identify the right loan solution that fits their business goals, whether that's navigating ownership transitions or securing* growth financing to purchase new equipment, facilities, or inventory. With a fully dedicated SBA lending platform, from loan origination through closing, KeyBank ensures that business owners can efficiently access the capital* they need while receiving the highest level of service from our specialized SBA lending staff. The goal is to provide custom support to make accessing capital easier, faster, and more personal for small business owners at every stage of growth. "Getting capital* into the hands of more small businesses is a critical part of KeyBank's purpose of helping the communities we serve thrive," said Jim Fliss, National Manager of KeyBank's SBA Program. "These small businesses are the backbone of our economy and they have shown such resiliency in recent years. We are committed to helping more small businesses take advantage of the benefits the SBA lending programs have to offer." KeyBank's SBA Loans Make Real Impact SBA lending programs are pivotal to meeting the evolving needs of small business owners, and KeyBank's impact is evident in its reach. Since 2015, KeyBank has provided $2.8 billion in SBA-guaranteed financing to thousands of small business owners, with $1.2 billion financed within just the past four years.2 $11 billion in critical funding has also been dispersed through SBA-approved PPP loans.3 Visit more information. KeyBank's Commitment to Small Businesses KeyBank is committed to investing in the communities we serve by helping the businesses that power them thrive, and Key's continued growth reflects the real impact of that commitment. Complementing our industry-leading SBA offerings, Key is proud to be a true relationship bank that offers holistic financial solutions including treasury*, merchant*, and wealth management services for the company, the entrepreneur and the company employees. By emphasizing an advice-driven philosophy, KeyBank aims to strengthen relationships with business owners and help them achieve long-term success in an increasingly complex financial landscape. To learn more about how KeyBank can serve your business, visit CFMA #250513-3215228 1Source: U.S. Small Business Administration (SBA) from August, 1997 to October, 2024. 2 Source:Statistics released by the U.S. Small Business Administration (SBA) October, 2024 for total approved loans through the SBA's 7(a) lending program during the federal fiscal year ending 9/30/2024. 3 Source: KeyBank Doubles SBA 7(a) Lending Volume, Remains a Top Small Business Lender in the Country *All credit products, merchant services, treasury products are subject to collateral and/or credit approval, terms, conditions, availability and subject to change. SBA loans subject to SBA eligibility. View additional multimedia and more ESG storytelling from KeyBank on Contact Info:Spokesperson: KeyBankWebsite: info@ SOURCE: KeyBank View the original press release on ACCESS Newswire
Associated Press
26-03-2025
- Business
- Associated Press
Herring Bank Enhances Access to SBA and Commercial Hotel Loans Across Texas, Oklahoma, and Colorado
Herring Bank announces expanded access to SBA 504, SBA 7(a), and commercial hotel loans across Texas, Oklahoma, and Colorado—empowering hotel developers with tailored financing solutions. Herring Bank has expanded its hospitality lending services across Texas, Oklahoma, and Colorado, offering a full range of hotel financing solutions including SBA 504 and 7(a) loans, conventional loans, refinancing, new construction loans, and CMBS financing. With decades of industry experience, the bank's dedicated hospitality lending team provides tailored support to hotel developers and operators at every stage—from acquisition to portfolio growth. Amarillo, TX - March 26, 2025 - Herring Bank, a leading provider of commercial financing solutions, is strengthening its commitment to the hospitality industry by expanding access to a comprehensive suite of hotel loans and hospitality lending programs across Texas, Oklahoma, and Colorado. The bank offers a full range of financing options including SBA 504 loans, SBA 7(a) loans, conventional loans, refinancing, new construction loans, and CMBS (Commercial Mortgage-Backed Securities) to meet the diverse needs of hotel developers and operators. With a strong track record of supporting entrepreneurs in the hospitality sector, Herring Bank is positioning itself as a key financing partner for hoteliers navigating today's market. ' We're very optimistic about the hospitality sector's growth, especially across the Texas-Oklahoma-Colorado region, ' said Andy Nenstiel, President of Herring Bank. ' Our team brings decades of industry experience, and we're proud to offer tailored hotel loan solutions that help owners and developers approach new opportunities with confidence. ' The bank's specialized hospitality lending team works closely with clients through every phase of the financing process, from acquisition and ground-up construction to refinancing and portfolio expansion. This hands-on approach has helped numerous clients structure deals that align with their investment goals while maximizing long-term value. Expanding Hospitality Lending Across the Southwest Herring Bank's presence in the region is reinforced by dedicated online resources tailored for local markets: These platforms offer insights into loan qualifications, program comparisons, and current market trends, helping hotel investors make informed decisions. As travel demand rebounds and regional markets continue to evolve, Herring Bank remains committed to providing flexible, competitive financing for hotels, motels, and resort developments. About Herring Bank Founded in 1899, Herring Bank is a privately-owned financial institution with a legacy of empowering local communities through personalized banking and lending solutions. With a strong focus on commercial finance, Herring Bank's hospitality lending division provides expert guidance and funding for hotel acquisitions, construction, refinancing, and renovations. To learn more about hotel loans and financing options, visit Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Media Contact
