Coral Gables-based Marquis Bank was recently granted Preferred Lender status from the U.S. Small Business Administration (SBA). The Preferred Lenders Program (PLP) is part of the SBA’s initiative to streamline financing procedures for the small business community.
With PLP status, Marquis Bank now has full delegation to make lending decisions on behalf of the SBA, in turn reducing the time to process and accelerate the funding timeline for SBA loans to qualified businesses. To earn PLP designation, lenders must establish a successful track record and display a thorough understanding of SBA lending policies and procedures.
“Marquis Bank is honored to be named an SBA Preferred Lender,” says Ricky Navarro, SVP and Director of the SBA Lending Division. “This new status reaffirms our commitment to helping small businesses grow and making an impact on the South Florida community.”
Marquis Bank’s SBA Lending Division specializes in providing qualifying business owners with as much as 90% financing for the acquisition of owner–occupied commercial real estate for up to 25 years fully amortizing. Additionally, Marquis Bank offers longer and more flexible terms for business acquisition and multi–purpose loans that can be used for the purchase of equipment, inventory, debt refinancing, and working capital.
About Marquis Bank
business owners, professionals and investors. Marquis has successfully blended convenient state-of-the-art technology with personal attention to create an exceptional banking experience for its clients. For more information, call 305.443.2922 or visit www.MarquisBank.com.