One of BCEDC’s Newest Members
Please join us in welcoming one of our newest members, Kathleen Hay, Vice President/SBA Business Development Executive at Unity Bank. Kathleen joined Unity Bank in 2011 and has served as Assistant Vice President/Commercial Loan Closer and Vice President/Loan Closing Manager for the bank’s growing Small Business Administration (SBA) lending program.
“Kathleen has more than twelve years of SBA experience and she has helped Unity become one of the top SBA lenders in New Jersey,” said Unity Bank President & CEO James A. Hughes. “With an extensive background in lending at community, regional and national banks, she provides customers with valuable guidance throughout the finance process. Kathleen’s promotion is well deserved and we wish her continued success in serving clients throughout New Jersey and eastern Pennsylvania. ”
Unity Bank led all lenders in New Jersey during the 2015 fiscal year, providing $41,769,400 in SBA loans, a loan volume increase of nearly 147 percent from the prior year. Unity Bank is consistently among the top ten of New Jersey SBA lenders in loan volume. Unity participates in the 7(a) Loan Program, SBA’s primary program to help start-up and existing small businesses obtain financing when they might not be eligible for business loans through normal lending channels. The bank also participates in the SBA 504 Loan program, an economic development program that offers small businesses long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. The program also serves parts of Pennsylvania and is expanding into New York.