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Duran Joins The Bancorp Small Business Lending Team

April 09, 2019, 06:55 AM

The Bancorp, Inc. announced Jimmy Duran has joined the Small Business Lending team in the role of Vice President, SBA Business Development Officer. Duran offers advanced expertise in Community Reinvestment Act (CRA) lending. He is based in Philadelphia and will provide Small Business Administration (SBA) lending expertise and services to business owners regionally and nationally across a wide range of industries.

In addition, Duran will focus on meeting the credit needs of low- and moderate-income communities within The Bancorp Bank’s CRA assessment area which includes: Bucks, Chester, Delaware, Montgomery and Philadelphia counties in Pennsylvania, and New Castle County in Delaware.

Duran brings more than 20 years of experience supporting entrepreneurs and small-business owners. Most recently, he served as the Director of Programs and Small Business Development for the Greater Philadelphia Hispanic Chamber of Commerce. Among his responsibilities, he formulated recommendations and solutions for aspiring entrepreneurs, current businesses and CEOs ready to scale and aligned with their capabilities.

“The Bancorp Small Business Lending team is dedicated to providing competitive and attainable funding for low- and moderate-income communities,” says Jeff Nager, Executive Vice President and Head of Commercial Lending. “I am very pleased to welcome Jimmy to our team. His in-depth understanding of CRA lending, his passion for community development and his innovative approach will enhance The Bancorp’s lending footprint outside of the traditional market.”

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