INDIANAPOLIS, IN--(Marketwired - June 27, 2016) - 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."
About Salin Bank and Trust Company
Salin Bank & Trust Company is a family-owned Indiana community bank with assets of more than $780 million. Salin Bank operates 20 banking locations in 10 Indiana counties serving Columbus, Delphi, Edinburgh, Fishers, Flora, Fort Wayne, Galveston, Gas City, Indianapolis, Kokomo, Lafayette, Logansport, Marion and West Lafayette. Member FDIC, Equal Housing Lender.
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