Donald J. McGowan, President and CEO of BankFIRST announced today that the bank has retained its standing as the “#1 Small Business Lender in Florida.” This marks the second consecutive year that BankFIRST has secured the top position, as ranked by the Office of Advocacy of the U.S. Small Business Administration from call reports of all Florida financial institutions in 2008 and 2009.
McGowan stated that “We are extremely pleased to have solidified our ranking as the #1 Small Business Lender in Florida. BankFIRST’s commitment to small business lending and community economic development is unparalleled in the banking industry. Our SBA Express Loan Center serves as an economic development resource for the Central Florida community by offering small businesses access to one of the widest arrays of government guaranteed loan programs available at any bank in Florida.”
BankFIRST is an SBA Preferred Lender, which is the Small Business Administration’s most trusted designation. As a National Preferred Lender, the SBA delegates its underwriting and approval authority directly to BankFIRST. The SBA Express Loan Center provides clients with a number of benefits, including terms that include 90% real estate financing and terms up to 25 years with no balloons available, term loans up to $5 million, and lines of credit up to $1 million.