History | Providing SBA Loan Services
44 Business Capital was started in September of 2009 by Phil Rapone, Jeff Sherry and Greg Poehlmann and is a subsidiary of Parke Bank. 44 Business Capital is a successor to 44 Financial Corporation where partners Phil Rapone and Jeff Sherry worked for over 20 years providing clients with small business loans. Managing partner and President, Greg Poehlmann brings 17 years of lending experience with several national SBA companies at the senior management level. The combination of expertise, Parke Bank’s desire to be in the SBA business and years of friendship led to the formation of 44 Business Capital. We value our ability to work as a team to give our clients the best possible service from application to closing.
1989 through 2008
$1 Billion lent to small businesses through their prior endeavors. Jeff Sherry and Phil Rapone through 44 Financial. Greg Poehlmann, Joe Dreyer and Ed Narozny through the Business Loan Express, Money Store and UPS Capital.
FALL 2008 The credit crisis creates opportunity and the principals of 44 Financial and Greg Poehlmann begin to discuss strategic alliance.
Rapone/Poehlmann/Sherry form 44 Business Capital, a joint venture with Parke Bank. Parke Bank entrepreneurial President and CEO, Vito Pantilone, was a perfect partner. Scott Gillanders and Wendy McNatt, formerly of BLX, are brought on board to handle credit and closing. In its first 4 months of operation, 44 Business Capital closed $4MM in SBA loans.
The key hire of Joe Dreyer adds to 44 Business Capital's already formidable origination team.
44 Business Capital assisted with $24MM in SBA loan approvals in the Philadelphia District for the SBA's fiscal year ending 9/30/2010.
44 expands market to Florida by hiring another seasoned SBA loan originator in Ed Narozny.
44 Business Capital/Parke Bank named Top 25 Lender by the Philadelphia Business Journal.
44 new hire, Joan Whiteley, whose 25 plus years of banking experience with Harleysville National Bank will assist with servicing the portfolio and taking on some closing responsibilities.
44 Business Capital/Parke Bank was the #1 Lender by dollar volume in the Philadelphia District of the SBA with $39MM in approvals. For the SBA's fiscal year ending 9/30/2011. Named Top 50 SBA Lender in the United States - As of SBA's fiscal year end of 9/30/2011.
South Florida Business Journal names 44 Business Capital/Parke Bank one of the Top 25 SBA Lenders in South Florida.
SBA Top Volume Lender in Philadelphia Region.
44/Parke Bank tops $100MM in its loan portfolio and serviced assets.
Jeff Peisach hired for SBA expansion into Maryland, DC & Northern Virginia market.
Phillip Martin of Wyncote, PA, hired as Senior Vice President and SBA Loan Officer for the Philadelphia market of 44 Business Capital
IN THE NEWS
The 44 Advantage…
- Access to the Decision Makers
- Speed to Decision
- No Loan Covenants
- Refinance existing debt
- Purchase commercial real estate
- Expand or purchase a business
- Invest in new machinery & equipment
- Improve company cash flow
- Preserve Countless Jobs