"
"We are happy to restructure our financing arrangement with
Rep-Pharm in support of the
company's continued expansion throughout
Canada," said Jack Morrone, Vice President, GE Commercial
Finance
Corporate Lending."
The 504 loan program allows private sector lenders such as
Business
Property to cover up to 50 percent of the financing, while an
additional loan from the CDC finances
40 percent, leaving only 10
percent in equity required from the small business.
Business Property
offers conventional debt and SBA loans, as well as
flexible, structured products tailored to meet
the capital needs of
small to middle market businesses in diverse industries.C. Small businesses
are the
engine of the American economy, and we at the SBA are committed to their
success.
discounting preparer
ESCDC
is the
eighth-largest CDC in the United States and an affiliate of the New
York Business Development
Corporation (NYCDC).com or by calling
toll-free 888-335-4372.com
C.C.S.rapt thackery
com.Y.C. exporters
are small
businesses, and we want to make sure they have what they need to compete. In 2004, CDC
Small Business
Finance made 586 SBA 504-CDC loans amounting to $358.rapt fgi
GE Commercial Finance Provides
$65 Million CAD Senior Secured Revolving Credit Facility to Rep-Pharm
"
About GE Commercial
Finance Corporate Lending
GE Commercial Finance Corporate Lending offers financing to
clients
from middle-market companies to large corporations.ge.
Bank of Granite and Wilshire State Bank
have had a strong economic impact
in their respective communities, from supporting export training
classes to
financing millions of dollars in export sales.sba thackery
"This transaction well illustrates our
strong
relationship orientation as a financing provider.
Barreto, who presented the awards."
The honorees were: William Couper, President of Bank of America of Greater
Washington; Kurt Chilcott
, President and CEO of CDC Small Business Finance;
Charles Snipes and Greg Edwards, President and
CEO and Senior Vice President
of Bank of Granite's Wilkesboro, N.astec truckmount
"Lending partners are critically
important in reaching businesses
that are unable to obtain financing through traditional lending
practices," says Robert W.
The SBA also recognized Bank of Granite of Granite Falls, N.sunstate wilshire
"GE
's willingness and ability to hold
the entire amount of this facility is further testament to both
its
strength as a lender and its loyalty to long-term customers. Corporate Lending is a leading global
provider of financing solutions for investment and non-investment
grade companies - committed
to supporting clients at all stages of the
business cycle.lessors sba
Our goal is to grow
with our customers
, offering the most flexible financing solutions
possible so that we can consistently accommodate
their evolving
needs.ge.Empire State Certified Development Corporation Gives Gold Award to GE Commercial
Finance Business Property
"We look forward to collaborating with ESCDC on future
endeavors.
SBA Honors Top Lenders of 7(a) 504 and Export Loans
Our partnership with lenders like Bank of America
and CDC Small
Business Finance is key to providing small businesses the financial resources
they
need to grow and strengthen our economy.
Export Lender of the Year Award Winners
Charles Snipes and Greg Edwards
President and CEO, and Senior VP
, Wilkesboro, NC Branch, Bank of Granite
23 North Main Street, Granite Falls, NC
28630
(828) 496-2070
The Bank of Granite has been called
nation's "best run bank.thackery lessors
Such loan
structures encourage economic development because small businesses
retain capital to invest in jobs and additional growth rather than
having a large proportion of
company finances tied up in real estate.truckmount rapt
gelending.
GE (NYSE:GE) is Imagination at Work -- a diversified
technology,
media and financial services company focused on solving some of the
world's toughest
problems. The 7(a) Loan Lender of
the Year award was presented today during a luncheon award ceremony
at the SBA
Expo '05, held at the Hilton Washington Hotel in Washington, D. branch; and Soo Bong Min
, President and
CEO of Wilshire State Bank." SBA's
Office of Advocacy ranked the Bank of Granite
as the top business-friendly
bank in North Carolina.wachovia preparer
18, replaces an existing facility previously
arranged by GE
Commercial Finance. "We are
very proud of the people at Business Property and their
participation
in helping businesses throughout New York State take advantage of the
SBA 504 program
.S. I am
proud of our partnership and of this well-deserved recognition.
William Couper
President, Bank of America Greater Washington, Bank of America National
Association
100 N.lending dgh
com
Business
Editors
FARMINGDALE, N. Lazar, president and CEO, NYCDC. Both
lending institutions received
the Small Business Export Lender Award for their
outstanding performance. Soo Bong Min
President and Chief Executive Officer, Wilshire State Bank (WSB)
3200 Wilshire
Blvd., Los Angeles, CA 90010
(213) 427-6560
Wilshire State
Bank opened in Los Angeles in 1980 and has distinguished
itself as a leader in SBA 7(a) and International
Trade financing.lending textron
The financing, which closed on
Feb. CDC Small
Business Finance of San Diego
, CA, was honored as the 504 Loan Lender of the
Year.textron fgi
Business Editors
TORONTO----GE
Commercial Finance
Corporate Lending today announced it has provided a $65 million CAD
senior
secured revolving credit facility to leading Canadian
pharmaceutical distributor Rep-Pharm., was
recognized as the top small business lender in
the nation by the U.
The criteria for selecting
the winners included the volume of SBA-backed
loans made, but the SBA's primary focus was to recognize
lenders that have
shown steadfast commitment to supporting the growth and expansion of small
businesses
across the country even beyond the scope of SBA loans. In 2004 Bank of America
made 12,758 SBA 7
(a) loans for $451,020,900. CDC Small Business Finance
serves the capital needs of businesses throughout
California and has funded
more than $1 billion in SBA 504 loans over the years.astec negotiates
"We had great
success this year generating awareness of the
benefits 504 loans offer New York small businesses
, and we plan to
continue striving to offer the best possible financing solutions,"
says Joe Vanella
, vice president, northeast region manager, Business
Property., USA., as the top export lenders.
The bank supports eight-week export training classes
sponsored and taught by the Carolinas Export
Assistance Center.dgh wachovia
"
GE Commercial Finance, Business Property is a leading provider of
single tenant
/owner-occupied commercial real estate financing in the
United States. More
information is available
at www. For more
information, visit the company's Web site at www. "We are pleased to recognize
the work they
have done to help the small businesses of America.astec discounting
Rep-Pharm plans to use the financing
to expand its business into
the Western Canada region. GE Commercial Finance, which offers businesses
around the globe an array of financial products and services, has
assets of over $230 billion
and is headquartered in Stamford,
Connecticut.
ESCDC presents the award annually to the lender
who participates
with them on the most SBA 504 loans; commercial real estate loans
intended to
help small businesses. WASHINGTON, For the second year in a row, Bank of
America of Charlotte
, N. Small Business Administration.
"Expanding its share of the global market is a constant goal
and necessity
of the American economy and the way to do it is by increasing our exports,"
added
Administrator Barreto.dgh underwrites
With headquarters and distribution centers in Quebec and Ontario,
Rep-Pharm
is one of Canada's largest distributors of prescription
pharmaceuticals, narcotics, and seasonal
OTC products.
"The essential role of financing in starting and developing a business
cannot
be overstated, and these banks are leaders in assisting small
businesses in meeting their financing
needs," said SBA Administrator Hector V.7 million. Bank of America made 12,758 SBA 7(a) loans amounting
to $451
million in FY 2004, making it the top volume SBA lender in the United States. The bank
has
13 branches in southern California, and loan offices in San Jose, Seattle,
and Dallas.negotiates sba
----In recognition
for its role assisting New York small businesses with financing
intended to promote economic development
, GE Commercial Finance,
Business Property received the Empire State Gold Award for 2004 from
Empire
State Certified Development Corporation (ESCDC).
GE Commercial Finance, which offers businesses around
the globe an
array of financial products and services, has assets of more than
US$230B and is
headquartered in Stamford, Conn. With products and services ranging from
aircraft engines, power
generation, water processing and security
technology to medical imaging, business and consumer financing
, media
content and advanced materials, GE serves customers in more than 100
countries and employs
more than 300,000 people worldwide. It ranks
third nationally in Export Working Capital Program
loan production.sandberg dgh
GE Commercial Finance is the sole lead agent for
the facility and will hold the
entire amount. Products
and services include asset-based financing, cash flow lending and
corporate
restructuring. For more information on the businesses and products of
GE Commercial Finance Corporate
Lending, please visit
www. The training
and the bank's willingness to consider new markets has
brought over $6 million
in export sales to western North Carolina companies, supported by SBA lending
.
underwrites textron
The company's
network of regional distribution centers enables it to reach customers
in all markets with a minimum of delay. With assets of more than $13B, the business serves
commercial
real estate owners, investors, developers, and brokers., and
Wilshire State Bank of Los Angeles,
Cal.
Bank of America is one of the world's largest financial institutions,
serving clients
large and small in 150 countries. Tryon Street, Charlotte, NC 28225
(202) 624-1066
Bank of America is one of the world's largest financial institutions,
serving individual consumers, small businesses and large corporations with a
full range of banking
, investing, asset management and other financial and
risk-management products and services. The
bank serves clients in 150
countries. The bank is a community bank with its primary market encompassing
the multi-ethnic populations of the Los Angeles Metropolitan area.lessors coffman
fgi sandberg
"Since the commencement of
our relationship in 1996, GE Commercial
Finance has assisted us through every step of our development
," said
Monty Kobrin, CEO, Rep-Pharm. For more information, visit the company's
website at www
. "Ninety percent of all U.mfr dgh
"
7(a) Loan Lender of the Year Award Winners
Kurt Chilcott
President and CEO, CDC Small
Business Finance
925 Fort Stockton Drive, San Diego, CA 92103
(619) 291-3594
CDC Small Business Finance is committed to serving the capital
needs of
businesses throughout California.textron sba
General Electric (NYSE: GE) is a diversified technology
,
media and financial services company dedicated to creating products
that make life better.gebusinessproperty
. The event was co-sponsored by IBM.
These lenders have done an outstanding job of helping small businesses
to have
access to capital to finance their exports and compete successfully. Having funded over
$1 billion in SBA 504
loans for thousands of small businesses and working with nearly 100 private
lenders, CDC Small Business Finance is the industry leader, with current
volume more than double
that of the next CDC.
Mr.mezzanine negotiates
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