PremierWest Bank announces the launch of a Guaranteed Government loan division featuring loans backed by the Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA).
The bank also announces that the division will be headed by Ken Ferreira, who brings to PremierWest many years of SBA and USDA lending program experience. Ken’s most recent position was as SVP and Chief Credit Officer for the national SBA lending program of Wachovia Bank where he spent 14 years. He also had national SBA commercial lending program management experience with Citibank.
With Ken’s leadership, PremierWest has trained a group of loan specialists throughout the Bank’s regions in Government Guaranteed loan programs. The structure of these government backed loan programs allow businesses to receive needed financing in cases where they might not have otherwise qualified, thus providing an important boost to our local economies.
Ferreira stated: “Our team is committed to making a difference in the communities we serve by providing financing solutions to small businesses with a focus on personalized service.”