Business
GBank Financial Holdings Inc. Announces Bank of George Surpasses $1 Billion in SBA 7(a) and USDA Loan Originations
LAS VEGAS, May 9, 2022 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for Bank of George (the
About this update from Gbank Financial Holdings Inc.
[{"type":"text","content":"LAS VEGAS, May 9, 2022 /PRNewswire/ -- GBank Financial Holdings Inc. (\"GBank\" or the \"Company\") (OTCQX: GBFH), the parent company for Bank of George (the \"Bank\"), a top 100 SBA 7(a) U.S. Lender, today announced that the Bank's SBA Division has surpassed $1 Billion in total cumulative SBA 7(a) and USDA Loan Originations.\nThe Bank's SBA Division originated its first SBA 7(a) loan in June 2015, quickly positioning itself as a trusted partner for small business owners.\nBank of George offers SBA and U.S. Department of Agriculture (USDA) loans across the national government guaranteed lending programs to certain industries and customers both in-market and out-out-of-market. The Bank is recognized as one of the most active SBA lenders in the country, and is known for its discerning underwriting and outstanding service. The Bank is ranked 19th in the nation by the U.S. Small Business Administration for SBA 7(a) dollar loan volume through September 30, 2021.\nThe Bank has been a top national SBA 7(a) Hotel/Motel lender for each of the past three years, while maintaining strong national relationships and establishing itself as a premier government guaranteed lender within the industry. \n\"The Bank's SBA Division team members are some of the most-knowledgeable and hardest-working talent in the industry, and we couldn't have reached this landmark accomplishment without the efforts of each and every one of them,\" said Nancy M. DeCou, EVP/Chief SBA Officer.\n\"In 2015, the Bank determined that it would establish an SBA 7(a) lending program in order to continue to provide resources to American small businesses.\" said T. Ryan Sullivan, President and CEO. \"Now lending in 40 states, the Bank's SBA capability has flourished under the leadership of Ms. DeCou, and will continue to expand as the Bank recruits top lenders in attractive markets.\"\n\"On behalf of our Board of Directors, I want to thank each of our team members for their contributions to this major milestone in the history of Bank of George and GBank Financial Holdings Inc.,\" said Edward M. Nigro, Executive Chairman.\nThe Company\nGBank Financial Holdings Inc. (\"GBank\" or the \"Company\") (GBFH), a bank holding company with approximately $626 million in assets at March 31, 2022, conducts business through its wholly owned subsidiary, Bank of George (named in honor of Georg...