Wells Fargo has opened a regional SBA lending office to provide business and real estate loans to small business owners throughout the Tacoma-South Sound area, Seattle and Olympia.
Staffed by Business Development Officer Diana Thompson, the office provides entrepreneurs with loans guaranteed by the Small Business Administration to help them start or expand their small businesses, providing financing not generally available from typical business lenders.
The new office is located in the Wells Fargo Seattle Industrial banking store at 1743 Fourth Ave. S. in south Seattle. For more information, call (206) 262-0789.
Heritage Bank of Spanaway has enhanced a new cash-management product to offer small businesses a means of better managing their cash flow by receiving a daily morning fax of their previous days’ business account activity.
Brian Vance, president and chief operating officer for Heritage, says bank statements and check images also are available on CD-Rom.
One of the bank’s strongest areas for small business customers is its commercial lending program, which focuses on relationships and designing loans to customer needs.
InterWest Bank has been awarded Preferred Lender status by the Small Business Administration, which means the bank has full lending authority and offers fast turnarounds on applications.
Established in 1983, the Preferred Lenders Program or PLP is designed to shorten waits for obtaining approval.
“This designation by the SBA will make us more competitive in small business lending,” says David Straus, executive vice president and chief credit officer.
Michael Besselievre, meanwhile, has joined the bank as senior vice president and chief information officer. He is active in the Kitsap County Economic Development Council.
InterWest has 35 offices in the state, including one in Lakewood at 10318 Gravelly Lake Drive.