Steve Penza Joins First Port City Bank Government Guaranteed Loans Division
The SBA and USDA loan programs are intended to provide much-needed capital to small businesses that otherwise would not be eligible for commercial financing. Through these programs, FPCB can provide small business loans for business acquisitions, commercial real estate purchases, farming operations, start-up operations, franchise loans and a variety of other applications.
Prior to FPCB, Steve had over 23 years of successful underwriting of over 150 million SBA 7a and 504 loans. Steve received his bachelor’s degree in business administration and management from College of Providence.
âWe look forward to Steve’s contributions to help grow our government guaranteed loan group and expand our SBA / USDA loan services in the south. Florida,” noted Durand Childers, president of the Florida banking division of First Port City Bank. âOur ability to provide small business loans and our in-house expertise are of great benefit to the communities we serve. conventional basis. “
The First Port City Bank Government Guaranteed Loans team has been recognized in the past as one of the top ranked community bank lenders in the US Small Business Administration, exceeding more than $ 400 million in government guaranteed loans.
âWe continue to strengthen our SBA / USDA loan division to serve small businesses in the Southeast by providing them with the capital they need to grow their businesses. Steve is the perfect combination of experience and community development to help clients succeed, âsaid John mcclure, Senior Vice President and General Manager of the Government Guaranteed Loans Division of First Port City Bank.
Founded in 1974, First Port City Bank is approximately a $ 258 million community bank offering a full range of financial services and solutions through 5 full-service bank offices in Bainbridge and Donaldsonville, Georgia, and Yulee and Fernandina Beach, Florida. First Port City Bank is consistently ranked among the nation’s top community banks and continues to receive a â5 Star, Superiorâ financial rating from Bauer Financial, Inc., Coral Gables, Florida. First Port City Bank was voted âBest Bankâ in County of Decatur for 8 years. For more information, visit www.firstportcity.com or www.yoursbasource.com. FDIC and Equal Housing Lender member. Follow FPCB on Twitter @portcity_bank, Instagram #firstportcitybank, Facebook @firstportcity, LinkedIn @First Port City Bank.
SOURCE First Port City Bank