History | Providing SBA Loans
Today, 44 Business Capital, a division of Berkshire Bank, provides SBA loans both regionally and nationally. 44 Business Capital was started in September of 2009 by Phil Rapone, Jeff Sherry and Greg Poehlmann as a subsidiary of a local community bank. We value our ability to be a direct small business lending division of Berkshire Bank, America’s Most Exciting Bank ™ giving our clients the best possible service from application to closing.
Original Founder Phil Rapone retires from 44 Business Capital.
44 expands to nationwide lending footprint adding locations in Columbus, Ohio, Central PA, Denver, Colorado, NY/CT.
44 Business joins the Berkshire Bank team. The partnership will help establish both companies collectively as a major player in the SBA lending market, both regionally and nationally.
44 hires Mike Hahn as Senior Vice President and Business Development Officer for the Philadelphia market.
44 Business Capital was the top SBA lender by dollar volume in the Philadelphia District of the U.S. Small Business Administration region according to SBA Philadelphia District Loan Volume Report Fiscal Year 2015 (10/01/2014 thru 9/30/2015.)
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
SBA Top Volume Lender in Philadelphia Region.
44 tops $100MM in its loan portfolio and serviced assets.
44 Business Capital 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 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 one of the Top 25 SBA Lenders in South Florida.
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.
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.
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.
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