AMNAT Earns Highest Level of Approval & Status for the SBA Lending Program.

American National Bank & Trust (AMNAT) has received the highest level of authority and status for their SBA Lending program, the Preferred Lender (PLP) status.?

With this achievement, the SBA is putting great trust in the bank’s experienced staff to make loan and servicing decisions for their small business community.?

Bank Director of SBA, Dave Green, says, “With our new PLP status, loans don’t have to be submitted directly to the SBA for their approval. Once the bank approves the borrower’s request, the credit decision is basically done.”

This means faster loan approvals and processing for the borrower. In some cases, this can even save up to 4-6 weeks on getting a loan approved!

“Because of the increased speed of internal credit decisions, the bank will be able to compete more favorably with other SBA competitors in helping businesses bounce back from the Pandemic,” says Green.?

This new status will allow AMNAT to increase its marketing efforts and staff size as well as the opportunities to grow its small business loan portfolio.?

Green continues and says, “Our existing SBA staff has over 40+ years of SBA experience and is ready to help our small business applicants navigate through the SBA process. Our team enjoys what we do and has been successful in helping our small businesses obtain the necessary financing to achieve their goals.”?

About American National Bank & Trust

As an independent, locally-owned bank headquartered in Wichita Falls, American National Bank & Trust ranks as the largest, independently owned financial institution in our area with more than $740 million in assets and more than 200 highly talented individuals dedicated to providing exceptional customer service. Chartered in 1976, the bank currently has branches in Wichita Falls, Iowa Park, Archer City, Chillicothe, Quanah, Flower Mound, downtown Fort Worth, Denton, and a Loan Production Office in north Dallas.

In addition to a wide array of banking products and services, including mobile banking, remote capture, electronic bill payment, ACH origination, wire transfers, and credit and debit processing, American National Bank & Trust also has a full mortgage department, a title company (including oil and gas titles), a trust department, a brokerage division for investments, and a leasing company to assist in personal purchases and capital investments.?

Connect with us:?

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LinkedIn |?American National Bank & Trust?

Website |?https://www.amnat.com/

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