Two dozen financial institutions in the central region recently were recognized as Elite Lenders by RMI Business Finance of Jefferson City, Missouri, for their work in partnering on SBA 504 business loans. These lending partners were given one of three designations: platinum, gold or silver.
Lenders had to maintain a minimum of eight loans to achieve the platinum elite designation, six loans for a gold elite designation, and four loans to qualify for the silver elite designation.
The eight banks named as platinum elite lenders are Simmons Bank, Hawthorn Bank, Arvest Bank, Bank of Bolivar (now The Bank of Missouri), Central Bank of the Ozarks, The Bank of Missouri, Guaranty Bank and Southern Bank.
The seven gold elite lenders are Andover Bank, Equity Bank, Mid-Missouri Bank, Blue Ridge Bank & Trust, Central Bank of the Midwest, Fidelity Bank and OakStar Bank.
The 10 banks given the designation silver elite lenders are INTRUST Bank, N.A., Springfield First Community Bank, Bank OZK, CrossFirst Bank, Branson Bank, Emprise Bank, Enterprise Bank and Trust, Jefferson Bank, KS State Bank and Regions Bank.
RMI Business Finance is an SBA certified development company, which delivers the SBA 504 loan program.
The 504 loan program provides fixed-asset, long-term financing at an attractive interest rate.
RMI has been delivering the SBA 504 loan program for more than 38 years and has leveraged over $1.7 billion in financing and created more than 18,000 jobs.
In addition, RMI provides financing through RMI Direct, a revolving loan fund, which provides working capital or fixed-asset financing for businesses. RMI also administers an intermediary relending program through the U.S. Department of Agriculture Rural Development for businesses located in rural areas.
More information can be found at www.rmiinc.org.