OptimumBank Achieves SBA Preferred Lender Status
OptimumBank (NYSE American: OPHC) has achieved Preferred Lender status under the U.S. Small Business Administration (SBA) Preferred Lenders Program (PLP), the highest recognition for SBA lenders. This designation enables OptimumBank to make final credit decisions on behalf of the SBA, significantly accelerating the loan approval process.
The bank can now offer SBA 7(a) loans up to $5 million with competitive rates for various business needs, including working capital, equipment purchases, and commercial real estate. As a Preferred Lender, OptimumBank gains autonomy to approve, close, service, and liquidate SBA-guaranteed loans, streamlining the process for business owners seeking capital.
OptimumBank (NYSE American: OPHC) ha ottenuto lo status di Prestigioso Finanziatore nell'ambito del Programma dei Finanziatori Preferiti della U.S. Small Business Administration (SBA), il massimo riconoscimento per i finanziatori SBA. Questa designazione consente a OptimumBank di prendere decisioni finali sul credito per conto della SBA, accelerando notevolmente il processo di approvazione dei prestiti.
La banca può ora offrire prestiti SBA 7(a) fino a 5 milioni di dollari con tassi competitivi per varie esigenze aziendali, inclusi capitale circolante, acquisto di attrezzature e immobili commerciali. In qualità di Finanziatore Preferito, OptimumBank guadagna autonomia per approvare, chiudere, servire e liquidare prestiti garantiti dalla SBA, semplificando il processo per i proprietari di aziende in cerca di capitale.
OptimumBank (NYSE American: OPHC) ha alcanzado el estatus de Prestamista Preferido bajo el Programa de Prestamistas Preferidos de la Administración de Pequeñas Empresas de EE. UU. (SBA), el reconocimiento más alto para los prestamistas de la SBA. Esta designación permite a OptimumBank tomar decisiones finales sobre créditos en nombre de la SBA, acelerando significativamente el proceso de aprobación de préstamos.
El banco ahora puede ofrecer préstamos SBA 7(a) de hasta 5 millones de dólares con tasas competitivas para diversas necesidades empresariales, incluyendo capital de trabajo, compras de equipo y bienes raíces comerciales. Como Prestamista Preferido, OptimumBank obtiene autonomía para aprobar, cerrar, servir y liquidar préstamos garantizados por la SBA, agilizando el proceso para los propietarios de negocios que buscan capital.
OptimumBank (NYSE American: OPHC)는 미국 중소기업청(SBA)의 우대 대출 기관 프로그램(PLP)에서 우대 대출 기관으로 지정되었습니다. 이는 SBA 대출 기관에 대한 최고 인정입니다. 이 지위는 OptimumBank가 SBA를 대신하여 최종 신용 결정을 내릴 수 있게 하여 대출 승인 과정을 크게 가속화합니다.
은행은 이제 SBA 7(a) 대출을 최대 500만 달러까지 경쟁력 있는 금리로 제공할 수 있으며, 이는 운영 자본, 장비 구매 및 상업용 부동산을 포함한 다양한 비즈니스 요구에 사용됩니다. 우대 대출 기관으로서 OptimumBank는 SBA 보증 대출을 승인, 완료, 서비스 및 청산할 수 있는 자율성을 얻어 자본을 찾는 사업주를 위한 프로세스를 간소화합니다.
OptimumBank (NYSE American: OPHC) a obtenu le statut de Prêteur Préféré dans le cadre du Programme des Prêteurs Préférés de la Small Business Administration (SBA) des États-Unis, la plus haute reconnaissance pour les prêteurs SBA. Cette désignation permet à OptimumBank de prendre des décisions finales de crédit au nom de la SBA, accélérant considérablement le processus d'approbation des prêts.
La banque peut désormais offrir des prêts SBA 7(a) allant jusqu'à 5 millions de dollars avec des taux compétitifs pour divers besoins commerciaux, y compris le fonds de roulement, l'achat d'équipements et l'immobilier commercial. En tant que Prêteur Préféré, OptimumBank acquiert l'autonomie pour approuver, finaliser, gérer et liquider des prêts garantis par la SBA, simplifiant ainsi le processus pour les propriétaires d'entreprises à la recherche de capital.
OptimumBank (NYSE American: OPHC) hat den Status eines Bevorzugten Kreditgebers im Rahmen des Bevorzugten Kreditgeberprogramms der U.S. Small Business Administration (SBA) erreicht, die höchste Anerkennung für SBA-Kreditgeber. Diese Auszeichnung ermöglicht es OptimumBank, endgültige Kreditentscheidungen im Namen der SBA zu treffen, was den Genehmigungsprozess für Kredite erheblich beschleunigt.
Die Bank kann nun SBA 7(a) Kredite von bis zu 5 Millionen Dollar zu wettbewerbsfähigen Konditionen für verschiedene geschäftliche Bedürfnisse anbieten, einschließlich Betriebskapital, Ausrüstungsanschaffungen und gewerbliche Immobilien. Als Bevorzugter Kreditgeber erhält OptimumBank die Autonomie, SBA-gesicherte Kredite zu genehmigen, abzuschließen, zu verwalten und abzuwickeln, wodurch der Prozess für Geschäftsinhaber, die Kapital suchen, vereinfacht wird.
- Obtained highest SBA lender recognition, enabling autonomous loan decisions
- Can now process SBA loans faster with streamlined approval process
- Authorized to offer SBA 7(a) loans up to $5 million
- Expanded lending capabilities may lead to increased revenue opportunities
- None.
Insights
The SBA Preferred Lender designation represents a transformative development for OptimumBank's business model and growth trajectory. This elite status, awarded only to high-performing SBA lenders, provides three critical competitive advantages:
First, the autonomous lending authority significantly reduces loan processing times - typically from several weeks to just days - creating a compelling value proposition for small business customers who often need rapid access to capital. This efficiency advantage could drive substantial market share gains in Florida's competitive banking landscape.
Second, the ability to offer SBA 7(a) loans up to
Third, this designation provides OptimumBank with enhanced risk management capabilities through direct control over the underwriting process, while still maintaining the benefit of SBA guarantees. This balance of autonomy and security is particularly valuable in the current economic environment where careful credit assessment is crucial.
For investors, this development signals OptimumBank's evolution from a traditional community bank to a more sophisticated financial institution with enhanced earnings potential. The designation's impact on loan growth, fee income, and competitive positioning could materially improve the bank's profitability metrics over time, particularly given Florida's robust small business ecosystem.
Fort Lauderdale, Florida--(Newsfile Corp. - February 18, 2025) - OptimumBank (NYSE American: OPHC) proudly announces that it has been designated as a Preferred Lender under the U.S. Small Business Administration (SBA) Preferred Lenders Program (PLP). This prestigious designation, the highest recognition an SBA lender can receive, streamlines the SBA loan approval process for OptimumBank, allowing the Bank to better serve small businesses across Florida and beyond.
Under the Preferred Lenders Program, OptimumBank is now authorized to make final credit decisions on behalf of the SBA. This significantly accelerates the loan approval timeline and enhances the Bank's ability to provide flexible financing solutions to small business owners. SBA 7(a) loans, which can be used for working capital, equipment purchases, commercial real estate, and other business needs, are available in amounts up to
"Achieving Preferred Lender status is a significant milestone for OptimumBank. This designation demonstrates our deep commitment to helping small businesses grow and thrive," said Tim Terry, CEO of OptimumBank. "With this enhanced capability, we can expedite the financing process, enabling entrepreneurs to seize opportunities quickly and achieve their goals."
As a community-focused financial institution, OptimumBank understands that every small business has unique financial needs. "Everyone deserves access to financing that is right for their business. Our Preferred Lender status opens up more opportunities for us to meet borrowers where they are and provide financing solutions that truly fit their circumstances," said Moishe Gubin, Chairman of the Board of OptimumBank. "This achievement reflects our ongoing commitment to empowering business owners with the right tools to succeed."
Chris Tomlinson, Senior Vice President and SBA Director at OptimumBank, added, "Our SBA lending team is dedicated to understanding each client's individual goals and crafting lending solutions that align with their vision. The Preferred Lender status gives us the autonomy to approve SBA loans more efficiently, ensuring that small businesses can access the funding they need without unnecessary delays."
The SBA Preferred Lenders Program is designed for high-volume, experienced SBA lenders that have demonstrated a proven track record of success. It grants participating banks the authority to approve, close, service, and liquidate SBA-guaranteed loans, streamlining the process for business owners seeking capital.
For more information about OptimumBank's SBA lending solutions or to apply for an SBA loan, please contact Chris Tomlinson at CTomlinson@optimumbank.com or visit www.optimumbank.com.
About OptimumBank Holdings, Inc.
OptimumBank was founded in 2000 in Ft. Lauderdale, Florida. Our customers found a bank that is strongly service oriented with reasonable fees, unseen at larger financial institutions. OptimumBank has seen explosive growth this decade, and we look to capitalize on our momentum in the coming months and years ahead.
OptimumBank's business and financial solutions include: Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. To learn more, visit www.sba.gov.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241206
FAQ
What does OptimumBank's (OPHC) SBA Preferred Lender status mean for borrowers?
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How does OptimumBank's (OPHC) new SBA status improve their lending process?
