Oak Valley Community Bank Receives Multiple SBA and Valley Small Business Lending Accolades
09 Janeiro 2023 - 4:56PM
Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley
Bancorp (NASDAQ: OVLY), was recognized by both
Success
Capital – Certified Development Corporation as their “Most
Active SBA 504 Lending Partner” and by the
Valley Small
Business Development Corporation for the “Most Loan
Guarantees Funded & Largest Total Dollar Aggregate Funded”
during the most recent Success Capital and Valley Small Business
fiscal years.
Oak Valley’s team booked $13 million in SBA 504
loans through Success Capital, which helped fund $27 million in
total projects, aiding in the creation or retention of nearly 100
small business jobs. This award marks the seventh consecutive year
that Oak Valley Community Bank has won the “Most Active SBA 504
Lending Partner” award. In addition, Senior Vice President,
Commercial Banking Officer, Jeff Hushaw received
the distinction of “Most Active 504 Lender” in 2022. Both
distinctions covered lending activity in San Joaquin, Stanislaus,
Merced, Mariposa, Tuolumne, and Calaveras Counties.
This year marks the first year the bank has
earned the Valley Small Business distinction. The Oak Valley team
funded over $3.5 million in Valley Small Business guaranteed loans
for the year. Out of that total, Vice President, Commercial Banking
Officer, Lynette Fletcher funded approximately
$2.4 million in loan commitments.
Hushaw and Fletcher each has over 30 years of
commercial banking experience. Hushaw has been with Oak Valley
since 2017 and Fletcher since 2019. “Jeff and Lynette are proactive
advocates for their clients and prospective borrowers. This
recognition is a testament to their dedication to serving the
borrowing needs of the business community,” stated Gary Stephens,
EVP Commercial Banking Group.
The SBA 504 and Valley Small Business loan
programs provide loans for small business development. Success
Capital offers low down payment, fixed rate financing via the SBA
504 Loan Program for business owners to purchase or build
facilities for their businesses. Similarly, Valley Small Business
provides direct lending and/or guarantees on loans to small
business or family farms to ensure increased access to capital.
“Being recognized by our lending partners is an honor and
reflection of our commitment to providing access to capital to
Central Valley and Sierra small businesses. We commend our lenders
and loan processing staff who perennially make our SBA lending
efforts a priority,” added Chris Courtney, CEO.
Success Capital and Valley Small Business held
their separate award presentations in the fall of 2022 recognizing
Oak Valley Community Bank and other financial institution partners.
The bank was represented by Commercial Banking Officers and others
who contributed to their lending activity including EVP Chief
Credit Officer, Mike Rodrigues, EVP Commercial Banking Group, Gary
Stephens, and Commercial Banking Officers, Mike Petrucelli, Jeff
Hushaw, Lynette Fletcher, Victoria Gaffney, Kim Parco, Rob Gildea,
and Greg Mulder.
Oak Valley Community Bank OVCB
offers a variety of loan and deposit products to individuals and
small businesses. They currently operate through 18 conveniently
located branches: Oakdale, Turlock, Stockton, Patterson, Ripon,
Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in
Sonora, three branches in Modesto, and three branches in their
Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes,
and Bishop. For more information visit www.ovcb.com.
Success Capital – CDC Since
1986, Success Capital has been helping small businesses throughout
California secure favorable fixed-rate financing for real estate
projects and equipment through the SBA 504, SBA 7(a), and other
loan programs. Success Capital offers low down payment, fixed-rate
financing via the SBA 504 Loan Program for business owners to
purchase or build facilities for their businesses. For more
information, visit www.successcapitalsba.com.
Valley Small Business Development
Corporation Incorporated in 1981, Valley Small Business is
authorized to make direct loans as well as guarantee small business
and family farm loans to ensure increased access to capital
throughout their service area. To fulfil this mission, Valley Small
Business collaborates with a wide variety of public and private
financing institutions to serve twelve Central San Joaquin Valley
counties including: Fresno, Kern, Kings, Madera, Mariposa, Merced,
Stanislaus, Tulare, Tuolumne, Inyo, Mono, and Sacramento.
Additionally, Valley Small Business provides loan guarantees to
small businesses statewide with a $5.0 million loan guarantee
lending limit. For more information, visit www.vsbdc.com.
Contacts:
Oak Valley Community Bank Chris Courtney, CEO
Rick McCarty, President & COO Phone: (866)
844-7500www.ovcb.com
Success Capital CDC Marsha Carr, President &
CEO Phone: (209) 521-9372mcarr@successcapitalsba.com
Valley Small Business Development
CorporationDebbie Raven, President & CEOPhone: (559)
476-3977draven@vsbdc.com
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