First Bank has named Stephanie Dunn as Senior Vice President and National Sales Manager of its newly launched national SBA Lending Division. The SBA Division will offer SBA 7a, USDA and 504 loans to small business owners and will serve all 50 states. Dunn will base her SBA lending development efforts in Wilmington, North Carolina.
Dunn has more than 17 years of experience in the SBA and commercial lending industry. She brings to her new role an extensive experience in SBA lending in the food, manufacturing, retail, funeral homes, and assisted living industries.
Most recently, she was with Live Oak Bank’s funeral home industry lending team. Before that, she held senior leadership roles at Excel National Bank and Temecula Valley Bank. In 2010, she was a contestant on NBC’s New York-based competition, “The Apprentice.”
Dunn sees a great potential for First Bank in small business lending. “The U.S. economy is driven by enormous corporations, yet our country was founded by small business owners with an entrepreneurial spirit,” she said.
She explained, “For 17 years, I have been passionate about lending to businesspeople looking for the opportunity to provide goods and services to customers in their local communities. By lending entrepreneurs the money to build their local businesses, I feel that I get to play a small part in helping them realize their dreams.”
SBA lender training helps boost business faster– get started here.
Dunn is a governing Board Member of the Primo Center for Homeless Women and Children in Chicago and is a Board Member of the New Hanover Regional Hospital Foundation in Wilmington. She is also a Founding Board Member of Wessex 504 Corporation CDC in Chicago.
About First Bank
First Bank is a state-chartered community bank that operates 87 branches in North and South Carolina. The company was founded in 1935 and is headquartered in Southern Pines, North Carolina. For more information, go to www.firstbanksba.com.
We love to share news about lender career changes or recognition–email details & photo to Joyce@SBFI.org & we’ll tell over 35,000 commercial lenders nationwide!
SBFI offers 50+ training courses to improve commercial lending skills-see catalog here.
Subscribe to AdviceOnLoan–award-winning, weekly newsletter for commercial lenders.