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As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.
August 13 -
Bank groups hope rapid congressional action highlights the small-business lending program's political appeal, while nonbank lenders sense an opportunity.
July 27 -
Bank of the West in San Francisco has sold its insurance subsidiary to an insurance brokerage.
August 10
Bank of the West in San Francisco has hired three development officers for Small Business Administration loans.
Eric Li, Ron Short and Jeremy Wilson will join the retail banking group of the $73 billion-asset unit of France's BNP Paribas.
Bank of the West ranked as the
Li will focus on loans for small and midsize business clients in the bank's Pac Rim Market in Los Angeles. He previously held similar positions at East West Bancorp and Wells Fargo,
Short will serve clients in the San Francisco Bay area, based in San Jose. Short most recently was senior vice president for SBA business lending in the Cupertino office of Zions Bancorp.'s California Bank & Trust.
Wilson will make loans in the San Diego area, and be based in San Jose. He previously worked as a senior relationship manager at JPMorgan Chase, and has also worked for Wells Fargo, CIT Group, Alliance Bank and La Jolla Bank,
