Signature Bank Launches 48-Hour Conditional Loan Approval Program

Staff Report From Metro Atlanta CEO

Wednesday, April 12th, 2017

Signature Bank, the only community bank headquartered in Sandy Springs, launched what promises to be a popular new program on April 3rd designed to take the loan approval process for businesses to a refreshingly, quick-response-time standard.  

The 48-Hour Conditional Loan Approval Program is available for business loans up to $500,000.  For businesses with a minimum of two years of verifiable operations, this can create a totally new lending experience and allow them to quickly act on profitable opportunities that have typically taken months from beginning to close.  

Freddie Deutsch, Signature Bank President & CEO, is excited about what this will mean in the professional, entrepreneurial lending industry for Signature Bank clients. "One of the greatest areas of frustration I've witnessed over the years from clients is the amount of time it can take to get approval for a loan. Competitors I'm familiar with are notorious for requiring layers of approval, consuming weeks of valuable time. The process we've launched can now return a conditional approval within 48 hours upon receipt of required information, so then we can quickly get to the business of finalizing the financing solution.  This enables the business owner to get back to doing what they do best, running their business.  This fits in beautifully with our boutique-style business model of delivering truly individualistic solutions in record time. And the best part?  The decisions are made right here in Sandy Springs."