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Over three dozen financial institutions, including Arvest Bank, in the central region were recently recognized as Elite Lenders by RMI Business Finance of Jefferson City, MO 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 4 loans to qualify for the Silver Elite designation.
The 12 banks named as Platinum Elite lenders are The Bank of Missouri, Arvest Bank, Hawthorn Bank, OakStar Bank, Simmons Bank, Central Bank of the Midwest, Central Bank of the Ozarks, Guaranty Bank, Southern Bank, Mid-Missouri Bank, Emprise Bank, and First Security Bank.
“Partnering with RMI and the SBA helps us offer long-term and favorable financing options to businesses in this region. It also helps us achieve our goal of doing everything we can to help our customers grow and thrive,” said Arvest in a statement yesterday.
The nine Gold Elite lenders are Fidelity Bank, Andover State Bank, Equity Bank, Enterprise Bank & Trust, Bank Five Nine, Blue Ridge Bank and Trust, Central Bank of Branson, Community National Bank & Trust, and Legacy National Bank.
The sixteen banks given the designation Silver Elite lenders are Branson Bank, Carrollton Bank, First Service Bank, INTRUST Bank, N.A., Jefferson Bank of Missouri, The Halstead Bank, Bank OZK, Citizens Bank, KS State Bank, Landmark Bank, Legacy Bank and Trust, Old Missouri Bank, RCB Bank, RCB Bank, Regions Bank, UMB Bank, N.A., and Wells Bank.
RMI Business Finance is an SBA Certified Development Company (CDC) that 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 over 39 years and has leveraged over $1.7 billion in financing and created over 18,000 jobs. In addition, RMI provides financing through RMI Direct, a revolving loan fund that provides working capital or fixed asset financing for businesses. RMI also administers an Intermediary Relending Program (IRP) through the U.S. Department of Agriculture Rural Development for businesses located in rural areas.
More information can be found at www.rmiinc.org
