Bank / Credit Union

SBA renews Hyperion Bank as leader for loan program

Image via iStock.com

October 14, 2021

The U.S. Small Business Administration has renewed Hyperion Bank's delegated authority status for the SBA 7(a) Express Loan Program. With this approval, Hyperion can streamline the approval and closing of loans up to $350,000 for small business owners, according to a press release.

With this loan program, small businesses can get funds for real estate, equipment purchases or facility improvements.

We are happy to participate in this flexible SBA loan program that has a long history of helping our customers thrive and grow their small business," Charlie Crawford, chairman and CEO, Hyperion, said in the release. "It gives our team another valuable tool to meet new customers and aid existing customers as part of our continuing commitment to serve small businesses in our community."