American Momentum Bank enters Phoenix market with key SBA lending hire

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Tim Collins joins bank as Vice President, SBA Business Development Officer III, as SBA Lending Division continues national expansion

SCOTTSDALE, Ariz. - Arizonar -- American Momentum Bank has entered the Phoenix market by hiring SBA lending veteran Tim Collins to serve as Vice President, Nationwide SBA Business Development Officer III. The hire comes as the community bank continues the national expansion of its Tampa, Fla.-based SBA Lending Division. Collins will serve clients nationally, focusing on Phoenix and the Western U.S. region.

"Tim has a 30-plus-year track record of success in SBA lending and has proven himself to be a committed advocate for his small business clients, especially those who have served in our military," said Patrick Fenech, Senior Vice President, Managing Director SBA Lending at American Momentum Bank. "We knew that he would be a great fit for American Momentum, not only from a production standpoint, but also culturally."

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Texas-chartered American Momentum Bank – which is a designated "SBA Preferred Lender," according to the U.S. Small Business Administration (SBA) – announced the national expansion of its SBA Lending Division in May. Since then, the bank has hired five SBA lending professionals throughout the country.

Collins has been involved in SBA lending for over 35 years. He has specialized in business acquisition, start-up, debt restructure, franchise and special purpose commercial real estate property SBA lending. During his career, he has funded over $290 million in SBA loans. Collins has served in management roles with SBA lenders, serving as an SBA sales manager and SBA lending manager. He has worked for bank and non-bank lenders, always performing in those firms' top 20% of SBA loan producers.

In his new role with American Momentum, Collins will be responsible for sourcing well-qualified SBA 7(a) loan opportunities. He will focus on building relationships with business owners, as well as referral sources, such as business brokers, loan brokers, commercial bankers, CPAs, attorneys and commercial real estate professionals.

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"I've always enjoyed being a consultant to small business owners in their attempts to get SBA financing," Collins said. "I think this new role at American Momentum will be a perfect fit because we're on the same page regarding making deals work for small business owners who need and deserve the support."

The SBA recognized Collins as The Financial Services Champion of the Year in Arizona in 2011, Arizona Veterans Champion of the Year in 2014 (as a member of the Boots to Business team in Arizona), and Arizona Veterans Champion of the Year in 2017.

American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of Sept. 30, 2022, provides comprehensive products and services for businesses and individuals. Visit www.americanmomentum.bank to learn more.

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Source: American Momentum Bank

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