If you are like me you've been hearing a lot about the "Economic Stimulus Package" and wondering, how can I benefit from it?  What's in it for me?  Well, I think we now have something to talk about.  The Small Business Administration (SBA), as a part of the economic stimulus package, recently came out with a number of changes and enhancements to their various loan programs which help both small businesses and small banks.

Falcon National Bank has been working with the SBA for many years but the recent changes and enhancements have made the SBA program even more attractive.  These changes and enhancements include new lending programs, the elimination of SBA fees, increased government guarantees, and in some cases interest free loans.  SBA loans can be used for just about any reasonable business purpose including fixed asset expansion, consolidation of debt, working capital and now even floor planning of certain types of inventory.

Because of our knowledge, experience, and working relationship with the SBA, Falcon National Bank is privileged to be one of the few banks in the state that have been given "Preferred Lender Status."  This Preferred Lender Status allows us to approve loans "in house," therefore, speeding up and simplifying the loan process.  We are so excited and committed to all of this, we recently hired a full time lender specializing in SBA lending by the name of Jeremy Johnson.

So if you find that you need some help in these challenging economic times, for whatever reason or purpose, now is the time to act.  You can take advantage of the economic stimulus package.  There is something in it for you.  Call or stop in to see Jeremy or one of our commercial lenders and let's talk about how we might help you and your business get back on track and prosper in the future.

Sincerely,
John Herges
President and CEO