Bank of Central Florida is aware of the impact COVID-19 has had on local businesses. To help meet the growing need of an SBA 7(a) lending program, Bank of Central Florida has brought on Kevin Riffey to lead the development efforts.
“Small Business Administration (SBA) lending is a vital source of funding for small businesses,” says Kevin. “Bank of Central Florida’s culture is dedicated to the local small business community and focuses on serving the client. If a conventional loan is not the best option for the client, then an SBA loan may be another way to help their business succeed.”
The goal for the Vision 2025 growth initiative set by Bank of Central Florida is to see expansion into new markets within Central Florida. According to Paul Noris, CEO and Chairman of the Board, the addition of Kevin is critical to meeting that goal. “Being able to provide businesses an SBA loan option will add more value in ways we can serve businesses in our local communities.”
Kevin brings 26 years of commercial banking experience to his new position. He began his career in 1995 in the Management Association Program at AmSouth Bank (now Regions). Once he completed the program, he worked in middle-market commercial lending. In 1998, he joined GE Capital where he got his start in SBA lending. Most recently, he was responsible for developing an SBA 7(a) lending platform at a large community bank.
“It’s always exciting to build something!” Kevin continues. “I’ve started and built a few successful SBA departments and see the benefits to the businesses we serve and to the bank. SBA lending is a vital source of funding for small businesses and I look forward to seeing the impact we’ll make on small businesses in our markets.”
If you wish to contact Kevin about the SBA program, you may reach him by email at Kevin.Riffey@bocfl.com.
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