Colonial American Bank Receives Preferred Lender Status by the U.S. Small Business Administration

SHREWSBURY, N.J. - Oct. 27, 2014 - PRLog -- Colonial American Bank is pleased to announce that the U.S. Small Business Administration (SBA) has designated the bank as a participant in its Preferred Lender Program. This distinction is held by only certain qualified and experienced lenders who possess a successful track record and demonstrate a thorough understanding of the SBA loan process.

As a Preferred Lender Program designee, Colonial American Bank can qualify small businesses quicker by streamlining the underwriting process and making SBA loan credit decisions in-house, both of which enables the bank to expedite loan approvals in a timely manner.

“SBA Preferred Lender status is just another reason small businesses benefit greatly by working with a community bank.  Local decision making, access to senior management and an experienced SBA lending team all help accelerate the process to provide financing for businesses to grow and expand.” stated Anthony Giordano, III, President and CEO.

For more information about the SBA preferred lender program, please contact Andrew Glatz, SVP, SBA Department Manager, at 732-945-4230, aglatz@colonialamericanbank.com or visit www.colonialamericanbank.com.

About Us

Colonial American Bank has branch locations in Middletown and Shrewsbury, New Jersey.  In 2013 and 2012, bankinggrades.com awarded Colonial American Bank with two of its top ratings for lending to small businesses. Colonial American Bank is an Equal Housing Lender. For more information, please visit www.colonialamericanbank.com.