FOR IMMEDIATE RELEASE
ICBA Selects Holtmeyer & Monson as Preferred Service Provider for SBA Lending Consulting
Washington, D.C. (November 1, 2006)—The Independent Community Bankers of America (ICBA) announced that Holtmeyer & Monson (H&M), Onalaska, Wis., has been selected as an ICBA Preferred Service Provider for Small Business Administration (SBA) lending consulting.
H&M specializes in assisting community banks with a wide range of SBA loan services, including application processing, loan underwriting and portfolio management. Additionally, H&M handles the securitization and sale of loans for banks that want to sell the guaranteed portion of their SBA loan portfolio.
“There are scores of community banks that have passed on making certain small business loans because the loans don’t conform to their lending policy and they’re not familiar enough with SBA lending to take advantage of it,” said Dan Clancy, ICBA senior vice president of Services. “Holtmeyer and Monson will lend its expertise to ensure that community banks are able to serve more small business customers with loans that fit their needs.”
"The Reedsburg Bank has used the specialized services of Holtmeyer & Monson for over 10 years," said Connie R. Suemnicht, senior vice president, The Reedsburg Bank, Wis. "Their work is vital to helping us package the best loan for our small business customers. We rely on them for technical expertise in the SBA industry along with the timely processing of our loan applications."
"ICBA is the premier trade association for community banks, so it is an honor and delight to be a preferred provider for its members," said Arne Monson, principal of H&M. "We look forward to expanding our relationship with community banks through ICBA and helping them to increase their small business lending to benefit the banks and communities they serve."
About Holtmeyer & Monson
Holtmeyer & Monson is a full service SBA lending consulting firm that focuses solely on the unique opportunity SBA lending presents for community banks. Holtmeyer & Monson not only works with lenders to process and make SBA loans, but to improve institution profitability via the sale of SBA guarantees in the secondary market. Consulting services of Holtmeyer & Monson include SBA loan portfolio management. For more information about Holtmeyer & Monson, please visit www.holtandmon.com or contact Arne Monson at 800-340-7304.