DALLAS, Oct. 03, 2016 (GLOBE NEWSWIRE) -- Texas Capital Bank announced today that it has hired two senior bankers to expand its Small Business Administration lending across its regional markets.
John Gannon will lead the Sales and Operations team and Clyde Thompson will take the role of credit officer as the bank builds on its success in helping Texas small businesses grow. Veteran SBA lenders, Mr. Gannon and Mr. Thompson have spent 28 years and 24 years respectively in the industry.
“Our mission is to meet the needs of our clients and SBA lending helps us deliver,” said Keith Cargill, president and CEO of Texas Capital Bank. “"It is yet another example of how Texas Capital Bank responds to small business owners and entrepreneurs in Texas and across the U.S., helping them create jobs and build their businesses."
SBA financing allows small business customers access to capital that might not otherwise be available. “An SBA guaranty assists our customers with better rates and terms for all types of businesses,” said Mr. Cargill.
SBA lending can provide access to capital for - among other things - real estate financing, franchises, debt consolidation, partner buyouts and acquisitions.
Mr. Gannon and Mr. Thompson themselves have extensive experience in 7A loans, which provide access to capital, and 504 loans, which provide favorable terms for the long-term financing of owner-occupied real estate.
ABOUT TEXAS CAPITAL BANK
Texas Capital Bank delivers highly personalized financial services to businesses and entrepreneurs. We are headquartered in Texas working with clients throughout the state and across the country. Texas Capital Bank is a wholly owned subsidiary of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) and is recognized as a Forbes Best Banks in America and the Dallas Morning News’ Top 100 Places To Work company. To learn more, please visit www.texascapitalbank.com.
Source:Texas Capital Bancshares, Inc.