SmartBank expands adding a Small Business Administration (SBA) Lending Division

Posted by | July 5, 2012 | News | No Comments

KNOXVILLE, TN – July 5, 2012 – Pigeon Forge-based SmartBank announced a recent expansion adding corporate office space at 4823 Old Kingston Pike, Knoxville, TN where it will house a Small Business Loan Administration Office and a Commercial Lending and Business Development Team.

“This is an exciting time for our Bank as we continue to develop growth and market expansion plans,” said SmartBank President and CEO, Billy Carroll. “There is a lot of opportunity for the small business community right now and our partnership with the SBA will provide lending options that give the small business owner flexibility in repayment options, lower down payments and extended terms.”

SmartBank recently hired First Vice President, Michael Mynatt, to expand its presence in the US Small Business Administration (SBA) lending arena. Mynatt, a graduate of the University of Tennessee with a Bachelor of Science in Business Administration, has more than 27 years of commercial lending experience. He spent 15 years with Barnett Bank and SunTrust Bank in the Florida markets before returning to East Tennessee to pursue SBA lending. Most recently, he has worked with a national top twenty SBA lender in the Knoxville area.

Also working for SmartBank’s SBA lending division is Rachael Melton. Melton, a 2006 graduate of Maryville College with a Bachelor of Arts in Business Organization Management, will assist Mynatt as an SBA Loan Processor. Both Mynatt and Melton will be located in SmartBank’s Knoxville Corporate Office. SmartBank offers a variety of SBA products including SBA 7(a) Term Loans, 504 Term Loans, Express Lines of Credit and USDA loans.

Also included in SmartBank’s commercial lending team in Knoxville is Executive Vice President, Bill Arant; First Vice President and Commercial Lending Officer, Tanner Harris; Vice President and Business Development Officer, Cynthia Osborne and First Vice President and Commercial Lender, Kenny Graves.

SmartBank, founded in 2007, is a full-service 5-Star BauerFinancial rated bank, with $330 million in assets serving clients in four locations in Knoxville, Pigeon Forge, Sevierville and Gatlinburg. For more about SmartBank, please visit www.smartbank.net . To inquire about SBA lending options, please call 865.437.5722 (5SBA).