SOUTHAMPTON, PA — Quaint Oak Bank has been awarded the Preferred Lender Program (PLP) designation by the U.S. Small Business Administration (SBA), highlighting its dedication to supporting small businesses nationwide.
This esteemed designation allows Quaint Oak Bank to expedite the SBA loan approval process, providing clients with quicker and more certain financing options. As a PLP lender, the bank now has the autonomy to approve SBA-guaranteed loans independently.
Steven Willard, SBA Team Leader and Commercial Relationship Manager, stated, “Our long-standing track record of successful SBA lending has culminated in this recognition.”
The designation enables Quaint Oak Bank to offer flexible financing to businesses that may not meet conventional loan criteria, benefiting startups and rapidly growing companies.
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