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Stock impact report

Quaint Oak Bank Receives SBA Preferred Lender Program Designation

QUAINT OAK BANCORP INC (QNTO) 
NASDAQ:AMEX Investor Relations: quaintoak.com/investors
Company Research Source: GlobeNewswire
SOUTHAMPTON, Pa., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Quaint Oak Bank announced it has been granted the Preferred Lender Program (PLP) designation by the U.S. Small Business Administration (SBA). This prestigious designation is a testament to Quaint Oak Bank’s expertise, experience, and commitment to supporting small businesses across the nation. The PLP designation enables Quaint Oak Bank to streamline the SBA loan approval process, providing customers with greater speed and certainty in securing financing. As a PLP lender, the established financial institution is authorized to make unilateral approvals on SBA-guaranteed loans. “Our long-standing track record of successful SBA lending has culminated in this recognition,” said Steven Willard, SBA Team Leader and Commercial Relationship Manager. “We are committed to offering the best possible service to our customers and believe that this new designation will enhance our ability to do so.” With the SBA’s backing, Quaint Oak Bank can Show less Read more
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