Titan Bank funds office warehouse acquisition located in Wylie, Texas

DALLAS - June 5, 2013 - PRLog -- Titan Bank, NA announces the funding of $639,000 loan for the acquisition of a +/-7,600 square foot office warehouse located in Wylie, Texas. Titan Bank provided the long term financing to facilitate the acquisition of the office warehouse for this growing dental laboratory.

Ben Deal, Titan Bank’s Vice President of Business Development comments, "Titan Bank provided the long term financing which allowed the company to expand from their present location of 3,400 square feet to a new modern facility of over 7,600 square feet, as the company had outgrown their current space.  The dental lab can now add employees where they were previously hampered by space constraints of the former location.  This loan closed in 11 business days from the issuance of the Commitment Letter!”

To quote the referral source, Vince Maige with Locations Realty…”This is my second loan referral to Titan Bank and both transactions proceeded as planned with no surprises!  They are a very active lender and do a great job in communicating throughout the entire process.  Local underwriting, as well as a hands on approach by Ben Deal, led to a quick loan approval.  If you care about meeting your clients closing dates and like a lender that stays engaged and is supportive throughout the loan process, then don’t hesitate to call Ben Deal with Titan Bank’s SBA group.”

The funding of this loan enables Titan to extend its lead in the SBA, USDA and small business lending sector.  As noted recently, Titan Bank received the US Government Small Business Administration’s Rising Star Award for the SBA’s Dallas Region.  The award is the latest recognition for Titan Bank, one of the few remaining chartered banks that focus primarily on loans to small companies.  Titan Bank intends to continue its expansion in this sector as it plans to double its lending staff in the next twelve months nationwide.

About Titan Bank

Titan Bank was founded in 1907.  The bank has a long history of focusing on the needs of small businesses in shifting economies.  It is a full-service national bank with the capital, knowledge and staff to help entrepreneurs with their financial needs.  Titan Bank is based in Texas and lends in all 50 states.

Titan Bank specializes in nationwide SBA and USDA Rural Development lending.  The Bank is a SBA Preferred Lender with a full staff of loan officers, underwriters and processors dedicated solely to this practice. For more information on obtaining a SBA or USDA loan through Titan Bank, please contact one of our SBA Loan Experts at 214.526.7178 or visit our website at www.titanbank.com

For more information on Titan Bank, contact:

  Ben Deal        
  VP / Business Development Officer
  Titan Bank, NA
  3100 Monticello Ave, Suite 400
  Dallas, TX 75205

  (214)580-1265      
  bdeal@titanbank.com
   
  Pete O'Hern
  SVP / National Sales Manager
  Titan Bank, NA
  3100 Monticello Ave, Suite 400
  Dallas, TX 75205

  (214)580-3174
  pohern@titanbank.com

  Or visit www.titanbank.com