The Bank of Tampa Receives SBA Preferred Lending Partner Status
Jan. 21, 2022
TAMPA, Fla., Jan. 21, 2022 – The Bank of Tampa today announced it has been granted Preferred Lender Status (PLP) by the Small Business Administration (SBA). PLP status, the highest bank designation reserved for top lenders, provides The Bank of Tampa with the authority to streamline processing procedures for most SBA-guaranteed loans without additional review by the SBA.
"Achieving PLP status is a testament to our SBA team's experience and knowledge,” said Scott Gault, Hillsborough County market president at The Bank of Tampa. “This accreditation further strengthens our position as a leading small business lender, as well as our commitment to supporting small businesses throughout the Tampa Bay region.”
To earn the designation, lenders must demonstrate a proficiency in processing and servicing SBA-guaranteed loans, as well as a thorough understanding of SBA lending procedures and policies.
The Bank of Tampa’s SBA Lending team, led by SBA director, Kevin Gilligan, offers SBA 7(a) loans ranging from $150,000 to $5 million, as well as SBA 504 loans for capital purchases, including owner-occupied commercial real estate and large equipment. To learn more about The Bank of Tampa’s SBA Lending, visit our website: https://www.bankoftampa.com/commercial/sba/.
About The Bank of Tampa
The Bank of Tampa is one of the largest community banks in the Tampa Bay area. It has been privately held by its employees, directors and clients since the bank’s inception in 1984. It has offices in Hillsborough, Pinellas and Sarasota counties, as well as a loan production office in Pasco County. The Bank of Tampa’s assets total more than $3.1 billion, with outstanding loans greater than $1.4 billion. Its wealth management practice has more than $1 billion total assets under care. To learn more, visit www.thebankoftampa.com, or follow us on Facebook, Instagram, LinkedIn and Twitter.
Kaley E. Infield, APR