Bridge Bank, National Association, Santa Clara County's newest business bank, today announced that the Bank has achieved California Statewide
Preferred Lender Participant (PLP) status with the US Small Business
Administration (SBA).
Preferred Lender Status is the highest designation granted to a lender and
allows Bridge Bank to approve loans on behalf of the SBA. This authority
results in faster loan approval and speeds the process of getting funds into
the hands of small businesses seeking growth capital.
"Receiving this designation for the entire state of California validates
the commitment Bridge Bank has made to the business community and our SBA
lending program," said Daniel P. Myers, president and chief executive officer
of Bridge Bank.
"With our expansion into Southern California in late 2003 and
the Central Valley earlier this year, achieving statewide PLP status will
allow us to better serve our SBA clients' needs in all of our markets."
