Green Bank Garners SBA Recognition

Bank Sustainably?

Find out how rewarding it can be.
Apply now.

Find out why Green Bank is different and how we live up to our name.

We’ve always done the right thing. And, like you, we’re now working to conserve resources in every step of our process.

Online and electronic banking, green loans, support of 108 Houston-based environmental non-profits and community involvement. And that’s just for starters.

Green Bank Garners SBA Recognition

Streamlined lending and more options for growing businesses

AUSTIN, October 1–Texas-based Green Bank has been approved by the United States Small Business Administration (SBA) for participation in the Certified Lenders Program (CLP) and Preferred Lenders Program (PLP). Following SBA guidelines for the CLP, the bank will perform complete analysis and review of loan applications; saving time in the loan process. Recognition as a PLP lender gives the bank servicing oversite after loans have closed. Both of these programs give Green Bank and their customers a shorter review period for loan applications and increased SBA options.

“Our preferred lender status will improve turnaround time for closing SBA 7(a) loans—the most sought SBA lending option,” said Geoff Greenwade, president and CEO of Green Bank. “We have built a SBA department to support bankers in Austin, Dallas, and Houston. With the recent Opportunity Bank acquisition in Dallas, we added more SBA talent and an in-house factoring department. These capabilities put us in a small field of comprehensive service providers.”

The Preferred Lenders Program (PLP) delegates the final credit decision, most servicing, liquidation authority and responsibility back to approved banks. This authority is granted to lenders with a successful SBA track record and a thorough understanding of SBA policies and procedures.

“There will always be certain loans that warrant going through the certified SBA process, meaning that the loan will be submitted to the SBA for underwriting as well,” said Garrett Morgan, assistant vice president and SBA manager for Green Bank. “The decision to submit CLP or PLP is made by loan officers and the Green Bank SBA Department—the guys working directly with the business owner. Green Bank’s advantage is we can offer traditional and SBA options to help growing businesses access capital and service the loan after it has been made.”

Green Bank has more information online about SBA loan policies and procedures.

About Green Bank

Green Bank, N.A. is a wholly owned subsidiary of Green Bancorp, Inc. Headquartered in Houston, the bank focuses on the commercial and private banking needs of middle market businesses and individuals with innovative products and personal attention.

Green Bank is committed to streamlining processes, preserving resources and performing to a higher standard. Green Bank employees are empowered to work toward long-term goals and make sound lending and investment decisions.

Green Bank, N.A. is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States. Member FDIC