First Internet Bank Announces New Role for David Bybee: Senior Vice President of Government Guaranteed Lending
FISHERS, Ind. – First Internet Bank announced today a significant change in its leadership team. The financial institution is pleased to announce that David Bybee has been promoted to the newly created role of Senior Vice President, Government Guaranteed Lending. In his new position, Bybee will oversee all aspects of First Internet Bank’s Small Business Administration (SBA) Lending operation.
Bybee’s Impact on First Internet Bank
Since joining First Internet Bank, Bybee has been a vital contributor to the bank’s growth. His expertise and dedication have helped First Internet Bank become one of the top 10 SBA 7(a) lenders in the nation. In his new role, Bybee will be responsible for leading and expanding the bank’s SBA lending portfolio.
The Role of SBA Lending
Small Business Administration (SBA) lending plays a crucial role in the financial ecosystem, particularly for small businesses. The SBA guarantees a portion of the loan issued by participating lenders, allowing these businesses to secure financing that they may not have been able to obtain otherwise. The SBA lending program is designed to promote economic growth and job creation through access to capital for small businesses.
Impact on Small Businesses
First Internet Bank’s commitment to SBA lending will have a significant impact on small businesses. With Bybee at the helm, the bank is poised to approve more loans, providing small businesses with the capital they need to grow and thrive. This expansion in lending will contribute to job creation and economic growth in local communities.
Impact on the World
The promotion of David Bybee to Senior Vice President of Government Guaranteed Lending at First Internet Bank is not just a local story. It represents a larger trend in the financial industry. With the Small Business Administration reporting a record-breaking year for SBA 7(a) loans in 2021, more financial institutions are recognizing the importance of SBA lending and investing in dedicated leadership to manage these loan portfolios.
Conclusion
First Internet Bank’s promotion of David Bybee to Senior Vice President of Government Guaranteed Lending is a testament to his dedication and expertise in SBA lending. This new role will allow Bybee to oversee all aspects of First Internet Bank’s SBA lending operation, contributing to the bank’s continued growth as a top 10 SBA 7(a) lender. The impact of this change will be felt by small businesses, who will have increased access to capital, and the world, as more financial institutions recognize the importance of SBA lending in promoting economic growth and job creation.
- First Internet Bank announces new leadership role for David Bybee
- Bybee to oversee SBA Lending operation as Senior Vice President
- Impact on small businesses: increased access to capital
- Impact on the world: recognition of SBA lending’s importance
