Small business represents 99.7 percent of all employer firms in the United States and has generated over 65 percent of the net new jobs in the country since 1995. As champions of the SBAs Smart, Bold, and Accessible vision, we join them in ensuring that SBA loans are available to anyone, anywhere, regardless of social, educational, or financial status. I was looking to partner with a progressive bank that would provide me with the highest level of industry knowledge, customer service, and ability to streamline the SBA process when buying my first business. The team at Centric Bank designed a flawless strategy that gave me an incredible experience from start to finish, says Kevin Bauer, owner of R3Access, Inc. We issued 51 loans to small businesses ranging from restaurants, franchises, and retailers to accounting firms additional info and dentists with a close rate of 100 percent, says Husic. Infusing Pennsylvanias job creators with capital and resources opens opportunities for small businesses to grow and scale. Lending in Eastern Pennsylvania is at an all-time high for SBAs flagship 7(a) loan programmore than half a billion SBA-backed dollars were loaned to businesses in the district, says Solomon Wheeler, U.S. Small Business Administration Harrisburg Branch Manager. Access to this capital is critical for central Pennsylvania small businesses to serve new customers, expand operations, and create jobs for the regional economy. These results are a direct reflection of the continued strong relationships SBA enjoys with our lending partners. One particular partner, Centric Bank in central Pennsylvania, has fully embraced the SBA lending program and done an excellent job in helping small businesses access capital by producing more loans in 2016 than ever before, earning a #1 ranking in the Eastern District and now named to the Top 100 SBA Lenders in the country. The year 2016 was a milestone for Patti Husic and Centric Bank. In October, Centric Bank was named a Top Team in American Bankers 25 Most Powerful Women in Banking, an exclamation point to Husics intentional advancement of high-achieving women.
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