Designation lets Pinnacle speed SBA loans

March 19, 2018 Written by Knoxville Chamber

Pinnacle Financial Partners is now an SBA Preferred Lender, which should increase and speed up Small Business Administration loans the bank provides.

The designation allows Pinnacle to make SBA loan decisions itself, cutting a two- or three-month process in half, said Harvey White, Pinnacle’s chief credit officer and regional executive for Knoxville. Since the agency has worked with Pinnacle for years, the agency knows the bank can handle the vetting process, he said.

“It really doesn’t change what we’re looking for in SBA loans,” White said. “What it changes is the process itself.”

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