A new SBA lending program has been introduced by Solon based Park View Federal Savings Bank in its effort to expand the small business lending capability. Under this Small Business administration loan guaranty program, Park View Federal is offering government guaranteed loans to small businesses.
Park’s loan grants reaches up-to $5 million so as to help eligible small businesses with equipment financing, commercial real estate acquisition, working capital, business acquisition and with debt refinance. Park View Federal’s President and CEO, Robert J. King Jr., conveys that the purpose of the bank is to offer available credit to SME business communities and also to extend personal service that is much needed. This eventually would become the foundation of a complete banking relationship with Park View.