{"id":746622,"date":"2023-04-11T09:03:16","date_gmt":"2023-04-11T13:03:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-impact-regions-bank-receives-2023-sba-export-lender-of-the-year\/"},"modified":"2023-04-11T09:03:16","modified_gmt":"2023-04-11T13:03:16","slug":"global-impact-regions-bank-receives-2023-sba-export-lender-of-the-year","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-impact-regions-bank-receives-2023-sba-export-lender-of-the-year\/","title":{"rendered":"Global Impact: Regions Bank Receives 2023 SBA Export Lender of the Year"},"content":{"rendered":"

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Global Impact: Regions Bank Receives 2023 SBA Export Lender of the Year<\/b><\/p>\n

The U.S. Small Business Administration honors Regions Bank for helping small-business owners introduce their products to the global marketplace.<\/i><\/p>\n

BIRMINGHAM, Ala.–(BUSINESS WIRE<\/a>)–Regions Bank<\/a> on Tuesday announced it has received the U.S. Small Business Administration\u2019s (SBA) 2023 Export Lender of the Year Award<\/a>.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230411005301\/en\/<\/a><\/p>\n

\"Ronnie<\/p>\n

Ronnie Smith, head of Regions Corporate Banking group, received the 2023 SBA Export Lender of the Year Award. Those pictured include (L to R) Carson Strickland, head of Regions Global Trade Finance; Caroline Taylor, head of Regions Small Business Administration Lending; Ronnie Smith; Gabriel Esparza, SBA associate administrator for the Office of International Trade; Daniel Pische, SBA national director of Trade Finance. (Photo: Business Wire)<\/p>\n<\/div>\n

\nIn 2022, Regions facilitated more than $36 million in financing for small-business exporters by leveraging the SBA\u2019s Export Working Capital Program (EWCP) and International Trade Loan Program (ITLP)<\/a>. Through new working capital loans in 2022, Regions maintained the largest active EWCP portfolio in the U.S. Together, the EWCP and ITLP empower entrepreneurs through two key advantages.<\/p>\n

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  1. \nThe EWCP makes it possible for small-business owners to use a revolving line of credit in advance of finalizing an export sale or contract. The result is greater flexibility in negotiating export payment terms.<\/p>\n<\/li>\n
  2. \nThe ITLP provides term loan financing to help small businesses enter international markets and make new investments to export goods.<\/p>\n<\/li>\n<\/ol>\n

    \n\u201cRegions Bank is deeply committed to the success of small businesses,\u201d said Caroline Taylor, head of Small Business Administration Lending for Regions Bank. \u201cOur approach begins with the experience and insights of bankers who take the time to listen to clients \u2013 and then develop customized solutions to help turn the client\u2019s vision into reality. A key part of our success is our Global Trade team that works in collaboration with the SBA, leveraging options such as the SBA\u2019s export programs to connect entrepreneurs, quite literally, to a world of new opportunities. As a result, we\u2019re helping small businesses gain a global reach while building lasting, sustainable success in the communities where they are based. Regions Bank is honored to be recognized as Export Lender of the Year. And the greatest honor is seeing clients achieve and even surpass their goals for growth.\u201d<\/p>\n

    \nRegions is a preferred SBA lender and makes final credit decisions on SBA-guaranteed loans, cutting down the length of time needed to process transactions. Regions also provides a diverse suite of global trade finance options. Resources include:<\/p>\n