SBA Preferred Lender
SBA Loans are guaranteed loans for small business owners that have made a loan request that may not have been approved following traditional lending guidelines. SBA Loans help small business owners and entrepreneurs get their ideas and businesses off the ground by satisfying the need for financing for capital or operating funds.
Timberwood Bank is an SBA Preferred Lender, a designation given to very few banks from the U.S. Small Business Administration. SBA has delegated the final credit decision and most servicing and liquidation authority and responsibility to us. This means small business owners can count on decreased waiting time for approval notification and loan decisions made right here at Timberwood Bank. Our lenders have extensive experience with SBA loans and can help you choose from the wide array of products that SBA has to offer.
Kevin Ravenscroft, President and CEO, and Tom Trautsch, Chief Credit Officer and Executive Vice President, were presented with our Preferred Lender Program designation from SBA’s District Director Eric Ness. Read more in this recent news release from the SBA Wisconsin District office: SBA News Release for Timberwood Bank.