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Stellar Business Bank Announces SBA Preferred Lender Status

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  Published in Business and Finance on Wednesday, August 31st 2011 at 19:41 GMT by Market Wire
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COVINA, Calif.--([ BUSINESS WIRE ])--Stellar Business Bank (OTCBB: SLRB) has been approved for the U.S. Small Business Administration (SBA) Preferred Lenders Program, which is the top designation approved by the SBA.

"SBA loans are an extremely valuable solution for our business customers"

The Preferred Lenders Program (PLP) status provides high-volume SBA lenders, such as Stellar Business Bank, with the ability to simplify and expedite the SBA loan approval process. Lenders are carefully selected for PLP status, which is based on SBA lending performance, volume and a thorough understanding of SBA policies and procedures.

aSBA loans are an extremely valuable solution for our business customers,a stated Timothy P. Walbridge, President and Chief Executive Officer. aThere is an extraordinary need for business credit and as a PLP lender, Stellar Business Bank will be able to facilitate SBA loans in a manner that expands our service abilities. Our Senior Vice President and SBA Loan Manager, Alden Macabales, has more than 25 years of commercial lending experience and is among the most highly regarded SBA lenders in California.Combining Aldena™s expertise with the Banka™s PLP status clearly makes Stellar a distinctive choice for commercial loan solutions.a

For more information about Stellar Business Banka™s commercial SBA loan programs, please contact Alden Macabales at 626-214-1762 or [ amacabales@stellarbusinessbank.com ].

The statements contained in this release that are not historical facts are forward-looking statements based on managementa™s current expectations and beliefs concerning future developments and their potential effects on the Bank. The forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and readers are cautioned not to unduly rely on such forward-looking statements. Actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, the health of the national and California economies, the Banka™s ability to attract and retain skilled employees, competition in the financial services market for both deposits and loans, the Banka™s ability to increase its customer base, and customersa™ service expectations, the Banka™s ability to successfully deploy new technology, changes in interest rates, loan portfolio performance, the Banka™s ability to secure buyers for foreclosed properties, and the Banka™s ability to enhance its earnings capacity. MEMBER FDIC