Press Releases

PACIFIC COAST NATIONAL BANK NAMED SBA PREFERRED LENDER

San Clemente, CA -October 23, 2006
Pacific Coast National Bank has been recognized as a Small Business Administration ( SBA) Preferred Lender. This designation indicates the faith and trust that PCNB will make loans in accordance with SBA policies and procedures.

A government guaranteed business loan program, SBA loans provide more attractive, flexible terms, and lower payment amounts than traditional financing. It is estimated that some 95% of all businesses qualify for SBA financing. Pacific Coast emphasizes the value of SBA loans with an in-house team managed by Senior Vice President Teri Hudson, with over 25 years of experience in SBA Lending, including 4 years as SBA lending instructor. "What this does for our customers is shorten the wait for final approval since we are able to make the credit decisions on behalf of the SBA," Teri said. "Quicker turn around and more definitive decision-making, that's what being an SBA Preferred Lender means to us and our clientele," she added.

Pacific Coast National Bank offers a broad range of commercial and consumer banking services with full service offices in San Clemente and Encinitas. Shares are offered under the symbol PCST.ob. For more information, visit www.pacificcoastnationalbank.com.