Salin Bank & Trust Company Announces SBA Preferred Lender Designation

June 27, 2016

Enhanced Efforts will Support Small to Mid-size Businesses Throughout Indiana
 
Indianapolis, Indiana – Family-owned and Indiana-based Salin Bank & Trust Company is pleased to announce it is now a Preferred Lender Program (PLP) provider with the United States Small Business Administration (SBA).

The PLP, as summarized by the SBA, focuses on streamlining the procedures necessary to provide financial support to the small business community. Under this program the SBA delegates the final credit decision for loans up to $5 million to Salin Bank.

“We are excited to be chosen by the Small Business Administration as a Preferred Lender with the SBA,” says James P. Alender, President & Chief Executive Officer of Salin Bank. “This illustrates the SBA’s continued trust in our ability to support Indiana businesses with their financial needs in a timely and efficient underwriting process.”
In granting Salin Bank PLP status, the SBA has considered and determined Salin Bank has the required ability to process and service all loans and has the talent to develop and analyze loan packages that will meet the SBA’s performance requirements.

Salin Bank was considered for PLP status because of the bank’s on-going commitment to the SBA program, its continued focus on small business and its assurance to meet performance standards for SBA guaranteed loans.

“This designation allows Salin Bank to streamline approvals and achieve loan closings faster, said Matt Fields, Vice President, Business Development Officer for Salin Bank.  “This program designation will help us more quickly meet the needs of small Indiana businesses and help serve the financial needs of our customers.”