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Article: New Millennium Bank Becomes an SBA Preferred Lender.
- Article from:
- PR Newswire
- Article date:
- November 1, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New Millennium Bank (BULLETIN BOARD: NMNB) has become a U.S. Small Business Administration (SBA) Preferred Lender under the agency's Preferred Lender Program it was announced today.
Under the SBA Preferred Lenders Program, New Millennium Bank has been delegated full authority by the SBA to approve loans, resulting in faster service to local small business owners in need of capital. Under the new lending authority, New Millennium Bank is now able to process, close, and service SBA loans.
In making the announcement, SBA New Jersey District Director James A. Kocsi said, "Only the most active and expert lenders qualify for SBA's premier streamlined lending ...