Shrewsbury — Colonial American Bank was named Breakthrough Lender of the Year for 2013 by The U.S. Small Business Administration (“SBA”), New Jersey District Office, at the SBA’s Annual Lender Awards Ceremony. The Breakthrough Lender award honors lenders with a greater than 500 percent increase in the number of closed SBA loans over the prior year.
Anthony Giordano, III, President and CEO, commented, “We are very pleased to receive the SBA Breakthrough Lender award and proud of the level of SBA loan activity our team originated for small businesses in the tri-state area during 2013, our first full year as an SBA lender.
“We believe that small businesses are the engines that drive the U.S. economy, and our goal is to help start-up and existing small-business owners secure the funding needed to build and expand their companies and pursue new business opportunities.”
Giordano added, “To that end, we are fortunate to have Andrew Glatz, Senior Vice President of SBA Lending, lead our SBA team with a great deal of experience, professionalism and SBA lending success.”
Just a few examples of the SBA loans Colonial American Bank closed in 2013 for small businesses in the tri-state area include; an assisted living facility, restaurants, a title company, a document shredding company, contractors, a private school and industrial/office buildings. For information on how you can obtain a SBA loan, please call 732-933-4600 or visit us online at www.colonialamericanbank.com.
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, visit www.colonialamericanbank.com.