Paragon Bank today announced it is launching a new division, Paragon Small Business Capital Group, to address the growing need to secure loans for small businesses. The Paragon Small Business Capital Group, which is based in Atlanta, Ga., is headed up by Charles Yorke. He will report to Mike Edwards, President and Chief Operating Officer at Paragon Bank. Paragon’s Executive Vice President, Andy Taylor, will serve as the group’s Senior Credit Officer.
“We are excited to be working with such a seasoned team of SBA professionals,” said Robert Shaw, Chief Executive Officer at Paragon Bank. “Paragon has a sizable small business focus. We look forward to enhancing our efforts and providing the ability to help more small businesses reach their goals.”
The Paragon Small Business Capital Group will initially be made up of 16 team members located in Tennessee, Georgia, Missouri and Colorado. The principals include Yorke, a 34-year veteran of the banking business with over a decade of experience in the SBA field. Additional principals include Doug Cullinan, National Sales Director; Kerry Morrin, SBA Chief Operating Officer; Tye Massey; Eric Larson; and Mickey Smith-Eggleston, who are based in the Atlanta office. In addition, Brian Kuntz is located in St. Louis, Mo., and George Taylor is located in Denver, Colo. With over 150 years’ SBA experience among them, the team will focus on SBA loans consisting of financing for real estate loans, franchise lending, business acquisitions, equipment and inventory loans, and working capital. The group will offer SBA 7(a), 504 and USDA loans for small and emerging businesses.
“This is another of Paragon Bank’s solutions for small businesses,” continued Shaw. “The Paragon Small Business Capital Group, consisting of industry professionals whose combined lending volumes in 2013 would rank among the top 50 SBA lenders in the U.S., put us in an even stronger position to broaden the customers we serve and significantly increase Paragon’s revenue.”