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Press Release | Ferbruary 23, 2010
CSB DESIGNATED AS PREFERRED LENDER FROM SMALL BUSINESS ADMINISTRATION
91 North Clay Street
Millersburg, OH 44654
Contact: Deb Berner, VP Marketing
Date: February 23, 2010
For Immediate Release
The Commercial & Savings Bank (CSB) has recently been designated as an “SBA Preferred Lender,” with the Small Business Administration, according to Rick Ginther, President & CEO of the Bank.
Through the Preferred Lender program, the SBA has granted CSB the authority to make credit decisions and handle most of the servicing for SBA loans. To earn the Preferred Lender designation, lenders must establish a successful track record and display a thorough understanding of SBA lending policies and procedures. The Preferred Lenders Program is another step in the SBA’s process of streamlining the procedures necessary to provide financial assistance to the small business community.
“Our commercial lending team has been successful at meeting the borrowing needs of small businesses in the communities we serve,” stated Rick Ginther, President & CEO of CSB. “The Preferred Lender designation was obtained as a result of our past success with the SBA Programs. CSB is pleased to be able to continue our partnership with the Small Business Administration in an effort to bring even more resources to small businesses in our market area. The Preferred Lender Program allows us to assist companies quickly and easily with a minimal amount of paperwork from the borrowers.”
With Preferred Lender status, CSB will be able to offer small business customers the full range of SBA loan products as well as streamline and speed up the loan approval process for SBA loans. The SBA, under its 7(a) Loan Guaranty Program, can guarantee loans up to $2 million. Loans are available for most business purposes, such as to purchase commercial real estate, equipment, and inventory, as well as for short-term working capital. For more information about these loan programs, contact a CSB Commercial Lender at 330-674-9015 or 800-654-9015.
CSB has been an independent community bank since 1879 and is owned by
its holding company, CSB Bancorp, Inc. (CSBB.OB). Headquartered in Millersburg,
Ohio, CSB currently has 14 banking centers in Holmes, Tuscarawas, Stark
and Wayne counties, as well as two Trust and Financial Services offices
located in Millersburg and Wooster, employing a staff of 150. CSB is an
equal housing lender and member FDIC. CSB is located on the web at www.csb1.com
and can be reached toll-free at 1-800-654-9015.