Square 1 Bank Expands Small Business Lending Group

ATLANTA, Aug. 13, 2014 (GLOBE NEWSWIRE) -- Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that Scott Coleman has joined the bank's small business lending group as vice president and business development officer. Based in Atlanta, Coleman will focus on business development efforts throughout Georgia and the greater Southeast.

Coleman joins Square 1 Bank with more than 15 years of experience in financial services. Throughout his career, Coleman has advised small business owners in the areas of SBA lending, commercial real estate and equipment finance. During this time, Coleman has served in a variety of business development roles, including positions at Onyx Capital Group, Banco Popular, IBM and most recently, Quantum National Bank. Coleman holds a B.S. in Finance and Marketing from the Lindner College of Business at the University of Cincinnati.

Square 1 Bank holds SBA Preferred Lender status, a designation reserved for only the most active and expert lenders. Under the SBA's Preferred Lenders Program, Square 1 Bank has delegated authority to approve loans, resulting in faster service to local small business owners in need of capital. Square 1 Bank SBA loan options include the 7(a) and 504 programs. Loan proceeds can be used for a variety of business purposes including the purchase, renovation or refinance of owner-occupied real estate, equipment and machinery, leasehold improvements, or to finance changes of ownership, franchises and working capital.

"We are excited to bring Scott on board as we continue to grow our team," said Brad Turner, senior vice president and leader of Square 1 Bank's SBA group. "Scott brings tremendous experience in SBA and commercial (banking) lending, and with his arrival we have expanded our ability to fund the growth of small businesses all along the East Coast – from New York to Miami."

About Square 1 Bank

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. Square 1 has offices coast-to-coast in Austin, the Bay Area, Boston, Denver, Durham, Los Angeles/Orange County, New York, San Diego, Seattle, and Washington, DC. For more information, visit www.square1bank.com.

CONTACT: Media Contact: Square 1 Bank Dee McDougal 919.597.7479 dmcdougal@square1bank.com

Source: Square 1 Bank