Small Business Capital Expands into Seattle, WA, Hires David Schmidt as Senior Vice President and Daniel Todd as Loan Processing Manager

LOS ALTOS, Calif.--()--Small Business Capital, LLC, an SBA Licensed National Small Business Lending Company, announced today that it has hired David Schmidt as senior vice president, and SBA relationship manager for the Northwest region, and Daniel Todd as Loan Processing Manager.

"David and Daniel have extensive track records in SBA lending, loan underwriting, servicing and closing. We are fortune to have them join us, and look forward to the benefits that they will bring to our lending operations,” said Mark Feathers, President of Small Business Capital, LLC. Prior to joining Small Business Capital, while with CIT for a decade, David provided SBA financing solutions to small and mid-sized businesses in many industries located throughout the Pacific Northwest. Daniel Todd was recently employed by Wachovia in their SBA lending operations, managing loan documentation, servicing, and pre-and-post funding loan audits working from Roseville, CA, as well as with Wells Fargo Bank after their acquisition of Wachovia, working out of offices in Charlotte, NC. “We are extremely fortunate to have both David and Daniel join our team of experienced SBA lender as we continue to expand our client base throughout the West Coast."

"There continues to be a growing demand from small to midsized businesses for Small Business Capital’s SBA guaranteed lending product, especially on the West Coast, which is within our primary servicing area," added Tom Vasquez, senior vice president and national sales manager. "With his background in SBA lending and working with privately held small businesses, David will help to extend Small Business Capital’s services to more companies who are seeking access to capital for growth and reinvestment."

“As we grow our SBA loan volume and loan servicing, and as we focus on maintaining SBA’s and our high underwriting, processing, and servicing standards, having an employee with Daniel’s background join our company is a strong validation of our commitment to safe and sound lending practices,” added Jason Parsons, senior vice president and lending operations manager.

Schmidt holds a BA in Business Administration and Management from Western Washington University. Todd is presently taking classes in financial management through the University of Phoenix while working on finishing his undergraduate studies.

About Small Business Capital, LLC

Small Business Capital specializes in SBA commercial real estate financing to small and middle-market businesses. The company is licensed as an SBA Small Business Lending Company, with national SBA Preferred Lender status. For additional information, visit www.smallbusinesscapital.com. The company is dedicated to meeting the financial needs of small and middle-market businesses.

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Company, the commercial real estate finance industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation, licensing, or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contacts

SB Capital
Mark Feathers, 650-559-5601
mark@sbcapital.com

Release Summary

Small Business Administration lender adds new loan originator and loan processing manager to SBA lending team.

Contacts

SB Capital
Mark Feathers, 650-559-5601
mark@sbcapital.com