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44 Business Capital Propels Parke Bank to Top SBA Lender by Dollar Volume in Philadelphia

October 29, 2015, 06:46 AM
Filed Under: SBA Lending News

44 Business Capital LLC, the exclusive Lender Service Provider for Parke Bank, helped Parke Bank become the top SBA lender by dollar volume in the Philadelphia District of the U.S. Small Business Administration region according to SBA Philadelphia District Loan Volume Report Fiscal Year 2015 (10/01/2014 thru 9/30/2015.)

In FY 2015, 44 Business Capital LLC extended 31 loans for $28,607,000 with an average loan size of $922,806. 44 Business Capital’s origination efforts on behalf of its bank partner helped countless small businesses in the region obtain access to capital. Recent SBA 7a loans range from $500,000 to $5,000,000 and provided financing for debt restructuring, real estate and business acquisitions. Additionally, the company recently helped Parke Bank obtain SBA Express lending status which allows the bank to extend lines of credit up to $350,000.

Greg Poehlmann, 44 Business Capital President, said, “We are very proud to have helped Parke Bank achieve this milestone. It is the third time in the past five years that we’ve accomplished this feat and it is a testament to our referral sources and experienced staff. 44 Business Capital is a small business itself and our principals understand the trials and tribulations of our small business borrowers. We look forward to scaling our business, philosophy and culture to service new markets and expand the impact of 44 Business Capital.”

44 Business Capital provides SBA Loan Assistance to Small Businesses in Philadelphia, Pennsylvania, New Jersey, Delaware, Baltimore MD, Northern VA, and Washington DC.

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