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Thursday, November 20, 2014

3:30 p.m. - 4:00 p.m.
Track: Dollars View Track

SBA: FASTER FROM APP TO CLOSING

Virginia Varela, CEO, GOLDEN PACIFIC BANK AND BANCORP

SBA loans are perfect vehicles for banks looking to mitigate the riskier deals in their pipelines.† These government-sponsored products offer to the bank a government guarantee in the event of non-payment and more to the customer, more attractive terms than the conventional bank loans.† The downside is often the length of time it takes to gain the governmentís approval and the lengthy closing cycle.† Virginia A. Verela, CEO of Golden Pacific Bank, has developed an integrated approach to both working with the SBA and the customerís data to greatly speed up the process from application to closing.†

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