Titan Bank Funds Office Warehouse Acquisition, Remodel & Minor Equipment, Cartersville, Georgia

PRLog (Press Release) - Nov. 29, 2012 - Dallas, TX, November 29, 2012 – Titan Bank, NA today announced the funding of a $328,500 loan for the acquisition of a +/- 13,000 square foot owner occupied office warehouse for MorrFire Investigations, LLC located in Cartersville, Georgia.

Ben Deal, Titan Bank’s Vice President of Business Development comments, " The SBA 7a Mortgage Loan provided excellent benefits to the buyer such as a low and affordable down payment (of 10%) which did not fully deplete operational cash for this fire investigation business, the 25 year term with no balloon provision helped keep the monthly P&I very low and our fast turn-around to closing helped the buyer realize a good value.”

To quote Jason Hawkins with Paramount Capital (referral source on the transaction), “I met Ben Deal and Titan Bank SBA Lending after two other lenders weren’t able to deliver per my client’s commercial real estate needs. I was impressed how Ben was able to quickly learn the credit, then enthusiastically partnered with my client through credit approval and the closing processes.  Being a quick sale, a bank foreclosed property, we needed a lender who could quickly and aggressively approve the project, then drive to a perfect closing.  36 calendar days from loan approval to closing is spectacular!”

The funding of this loan enables Titan to extend its lead in the SBA, USDA and small business lending sector.  As noted recently, Titan Bank received the US Government Small Business Administration’s Rising Star Award for the SBA’s Dallas Region.  The award is the latest recognition for Titan Bank, one of the few remaining chartered banks that focus primarily on loans to small companies.  Titan Bank intends to continue its expansion in this sector as it plans to double its lending staff in the next twelve months nationwide.

About Titan Bank

Titan Bank was founded in 1907.  The bank has a long history of focusing on the needs of small businesses in shifting economies.  It is a full-service national bank with the capital, knowledge and staff to help entrepreneurs with their financial needs.  Titan Bank is based in Texas and lends in all 50 states.

Titan Bank specializes in nationwide SBA and USDA Rural Development lending.  The Bank is a SBA Preferred Lender with a full staff of loan officers, underwriters and processors dedicated solely to this practice. For more information on obtaining a SBA or USDA loan through Titan Bank, please contact one of our SBA Loan Experts at 214.526.7178 or visit our website at www.titanbank.com

For more information on Titan Bank, contact:

  Ben Deal        
  VP / Business Development Officer
  Titan Bank, NA
  3100 Monticello Ave, Suite 400
  Dallas, TX 75205

  (214)580-1265      
  bdeal@titanbank.com
   
 Pete O'Hern
 SVP / National Sales Manager
 Titan Bank, NA
 3100 Monticello Ave, Suite 400
 Dallas, TX 75205

 (214)580-3174
 pohern@titanbank.com

Or visit www.titanbank.com