Clinton-based Unity Bank has promoted Phillipsburg resident Alvita A. Ayers to vice president/SBA Manager. In collaboration with Unity’s senior management, Ayers develops and implements strategies to prudently grow the bank’s Small Business Administration (SBA) loan portfolio and meet existing and emerging customer needs.
Ayers has more than 30 years of banking industry experience. She joined Unity in 2014 working with the bank’s SBA and commercial lending teams. She previously worked with large regional and national banks in a variety of capacities. Ayers earned a Bachelor of Business Administration from Howard University.
“Alvita has been a valuable member of the Unity family for eight years so we are thrilled to announce her promotion,” said Unity Bank President & CEO James A. Hughes. “She is a business lending veteran who brings significant experience to her new role. Unity has long been one of the most active SBA lenders among community banks and we are confident the program will continue to enjoy success in the future.”
Unity is a SBA preferred lender in the 7(a) Loan Program, SBA’s primary program to help start-up and existing small businesses obtain financing when they might not be eligible for business loans through normal lending channels. The bank also participates in the SBA 504 Loan Program, an economic development initiative that offers small businesses long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization.
“I am looking forward to this opportunity to lead and grow the Unity SBA lending program,” said Ayers. “We can match businesses with the right program to assist businesses and, as a preferred lender, can approve loans without prior SBA review and help business owners get the money they need quickly.”
Unity Bank provides financial services to businesses and consumers at 19 branches throughout New Jersey and the Lehigh Valley, Pennsylvania.
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