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Valley Bank Receives SBA Preferred Lender Status

California United Bank will use streamlined procedures and quicker processing of applications after receiving Preferred Lenders Program status from the U.S. Small Business Administration. The Encino-based financial institution was picked for the program based on its past record of proficiency in originating, processing and servicing loans guaranteed by the SBA. The preferred lenders status is the highest designation granted by the SBA and reserved for it top-tier bank lenders, said David Rainer, chairman and chief executive of California United. “Our receipt of this status is a testament to the dedication of our outstanding team toward building and expanding a best in class SBA lending platform that supports entrepreneurial achievement in our communities,” Rainer said in a prepared statement. “Importantly, it furthers our lending power to drive small business development and job growth throughout our region.” Mark R. Madler

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