Hyperion Bank Renewed as SBA “Express” Lender
ATLANTA, September 27, 2021 / PRNewswire / – The U.S. Small Business Administration has renewed Hyperion Bank’s delegated authority status for the SBA 7 (a) Express Lending Program. Delegation of authority allows Hyperion to streamline the process of approving and closing loans up to $ 350,000 for small business clients.
“We are pleased to participate in this SBA flexible loan program which has a long history of helping our clients thrive and grow their small businesses,” says Charlie crawford, Chairman and CEO of Hyperion Bank.
The program guidelines allow eligible small businesses to obtain term loans for large needs such as purchases of real estate and equipment or for improvements to their facilities, where the loan can provide a source of funds. rollover through a revolving line of credit.
“This gives our team another valuable tool to meet new clients and assist existing clients as part of our continued commitment to serving small businesses in our community,” said Crawford. It also notes that the bank was able to secure SBA approval for 150 applicants under the 2021 Paycheck Protection Program, with a total loan amount of $ 13.3 million. (In 2020, Hyperion helped 300 PPP applicants get approved, with a total of $ 23 million.)
“Our relatively small and nimble team has tackled the SBA PPP market as much or more than many large financial institutions,” he said. “I am proud that we are always ready to step in and assist clients in special circumstances like the pandemic (and subsequent CARES Act funding), and for ongoing funding options like SBA and other loans. commercial. “
Hyperion Bank is a full-service community bank that connects with customers through technology and highly accessible, experienced and enthusiastic bankers who have local decision-making power. The bank responds to the needs of various communities in Philadelphia cream and in Atlanta. The bank offers a full line of SBA and non-SBA loan products and is one of the few banks in the region to provide homeowner home construction loans. Last year, the bank launched Hyperion Mortgage, a major expansion of its existing mortgage program and a unique joint venture with a national mortgage lender. FDIC member. Equal housing lender. Credit offer is subject to approval. #comunitybank #communitybanking #communitybanker #HyperionBank #HyperionMortgage #HyperionBancshares
Andy stein (NMLS # 2021459), the Bank’s Vice President of Commercial Lending, can be reached at 215-789-4190 or [email protected].
B. Andrew (Drew) Plant
SOURCE Hyperion Bank