Announcing SBA Loans with Miners Bank
October 04, 2013
Miners Bank, announced today that it will offer Small Business Administration (SBA) loans.
Small Business Administration Loans make it possible to qualify
businesses more easily and provide them with more flexible terms than
conventional loan options. The Small Business Administration allows
higher loan to value ratios, in some cases, 100% financing, and longer
financing terms with different payment options. To learn more about the
Small Business Administration, please visit www.sba.gov
"We are very pleased to add Small Business Administration financing to
our suite of products and services to benefit the small business owner,"
said George H. Groves, President and Chief Executive Officer.
“Small Business Administration financing through Miners Bank offers
flexible terms, potentially longer terms, means to preserve working
capital, and as low as 10 percent equity requirements,” said John
Spevak, Hazleton Market Manager.
“We pride ourselves on our flexibility, our ability to make decisions
locally, and to expedite the loan closing and approval process,” said
David Snyder, Chief Lending Officer. “With the addition of Small
Business Administration loans, we are able to further improve our
flexibility to benefit the owner operated, for profit, sole
proprietorships, corporations or professional partnerships within the
communities we serve.”
Zaorski, Credit Analyst will lead the Bank’s efforts as a Preferred
Lender with the Small Business Administration. Charles joined the
Bank’s team in 2011 and is responsible for gathering and analyzing
credit information on current and potential borrowers and promotes
business for the Bank by maintaining excellent customer relations and
referring customers to appropriate staff for new services.
The Miners Bank is committed to providing personalized service and a
full array of quality products to individuals and businesses. The
corporation, Phoenix Bancorp, Inc., including its wholly owned
subsidiary, Miners Bank, which was founded in 1935, has $140 million in
corporate assets. Miners Bank serves the needs of communities
throughout Schuylkill and southern Luzerne County through local decision
making and active community involvement by employees. Member FDIC and
Equal Housing Lender. For more information, please visit
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