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Announcing SBA Loans with Miners Bank

October 04, 2013

Miners Bank, announced today that it will offer Small Business Administration (SBA) loans.SBA Loans with Miners Bank

Small Business Administration Loans make it possible to qualify businesses more easily and provide them with more flexible terms than conventional loan options.  The Small Business Administration allows higher loan to value ratios, in some cases, 100% financing, and longer financing terms with different payment options.  To learn more about the Small Business Administration, please visit www.sba.gov

"We are very pleased to add Small Business Administration financing to our suite of products and services to benefit the small business owner," said George H. Groves, President and Chief Executive Officer.  

“Small Business Administration financing through Miners Bank offers flexible terms, potentially longer terms, means to preserve working capital, and as low as 10 percent equity requirements,” said John Spevak, Hazleton Market Manager.

“We pride ourselves on our flexibility, our ability to make decisions locally, and to expedite the loan closing and approval process,” said David Snyder, Chief Lending Officer.  “With the addition of Small Business Administration loans, we are able to further improve our flexibility to benefit the owner operated, for profit, sole proprietorships, corporations or professional partnerships within the communities we serve.”

Charles Zorski, Miners Bank SBA SpecialistCharles Zaorski, Credit Analyst will lead the Bank’s efforts as a Preferred Lender with the Small Business Administration.  Charles joined the Bank’s team in 2011 and is responsible for gathering and analyzing credit information on current and potential borrowers and promotes business for the Bank by maintaining excellent customer relations and referring customers to appropriate staff for new services.

The Miners Bank is committed to providing personalized service and a full array of quality products to individuals and businesses.  The corporation, Phoenix Bancorp, Inc., including its wholly owned subsidiary, Miners Bank, which was founded in 1935, has $140 million in corporate assets.  Miners Bank serves the needs of communities throughout Schuylkill and southern Luzerne County through local decision making and active community involvement by employees.  Member FDIC and Equal Housing Lender.  For more information, please visit www.theminersbank.com

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