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Multiple SBA & Valley Small Business Lending Awards for Oak Valley Community Bank

Multiple SBA & Valley Small Business Lending Awards for Oak
On 09 January 2023, Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp, was recognized as the "Most Active SBA 504 Lending Partner" by Success Capital - Certified Development Corporation and the "Most Loan Guarantees Funded & Largest Total Dollar Aggregate Funded" by Valley Small Business Development Corporation during the most recent Success Capital and Valley Small Business fiscal years.

Oak Valley’s team offered $13 million in SBA 504 loans through Success Capital, and it aided the funding of $27 million in total projects, resulting in the creation or retention of approximately 100 small business jobs. Oak Valley Community Bank winning the "Most Active SBA 504 Lending Partner" award marks its 7th consecutive win. In addition, senior vice president and commercial banking officer Jeff Hushaw received the accolade of "Most Active 504 Lender" in 2022, both of which cover lending activity in San Joaquin, Merced, Stanislaus, Tuolumne, Mariposa, and Calaveras Counties.

It is the first time the bank has received the Valley Small Business accolade. The Oak Valley team funded over $3.5 million in Valley Small Business guaranteed loans for the year.

The SBA 504 and Valley Small Business lending programs offer loans to develop small businesses. Success Capital offers low down payment and fixed-rate financing via the SBA 504 Loan Program for business owners to purchase or construct facilities for their businesses. Similarly, Valley Small Business facilitates direct lending and guarantees loans to small businesses or family farms to ensure increased access to capital.

About Oak Valley Community Bank

Headquartered in Oakdale, Oak Valley Community Bank specializes in commercial lending, commercial banking, SBA lending, business banking, small business lending, agricultural lending, treasury management, commercial real estate financing, CRE lending, and Ag Lending, offering its plethora of products to individuals and small businesses. With 30 years of history, it has transformed from a single-branch operation in Oakdale to 18 locations and nearly $2.0 billion in assets.

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