Business NewsMarketWire • San Diego Private Bank Awarded Preferred Lender Status by SBA

San Diego Private Bank Awarded Preferred Lender Status by SBA

San Diego Private Bank Awarded Preferred Lender Status by SBA

LA JOLLA, CA--(Marketwire - Nov 9, 2012) - After successfully launching an SBA Division earlier this year, San Diego Private Bank has been awarded Preferred Lender Program (PLP) status by the SBA. The Small Business Administration guarantees a portion of bank loans made to qualified borrowers for up to $5 million at attractive rates and on attractive terms in order to add jobs and stimulate economic growth. PLP status allows SDPB delegated authority to guarantee loans on behalf of the SBA thereby accelerating loan funding.

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San Diego Private Bank Awarded Preferred Lender Status by SBA