Mon Sep 09 15:00:00 UTC 2024: ## North Avenue Capital Expands Lending Reach with SBA 7(a) Loans

**PONTE VEDRA, FL – September 9, 2024** – North Avenue Capital (NAC), a leading provider of financing solutions for rural America, is expanding its reach into urban and suburban markets with the launch of its nationwide SBA 7(a) loan program.

NAC has been a key player in rural lending for the past decade, specializing in USDA OneRD loans. Now, with its expertise in government-guaranteed lending, NAC is offering SBA 7(a) loans, ranging from $500,000 to $5 million, to small businesses across the country. This expansion is fueled by a partnership with its parent company, Veritex Community Bank, an SBA-preferred lender with a proven track record in SBA lending.

“This is a natural progression for us,” said Joseph Rowell, CEO of North Avenue Capital. “We understand the needs of small businesses, and by joining forces with Veritex, we can now empower entrepreneurs nationwide.”

Veritex EVP Jonathan Schneider added, “NAC’s new SBA 7(a) offering is a significant step towards our goal of becoming a national leader in government-guaranteed lending.”

The SBA 7(a) program provides flexible financing for small businesses, covering needs such as working capital, equipment purchases, and real estate acquisitions. NAC’s program offers competitive rates and certainty of execution.

“We’re committed to fostering economic growth and supporting small businesses,” stated Rowell. “With Veritex’s experience behind us, we’re ready to make a real impact on a broader scale.”

For more information about NAC’s SBA 7(a) loan program, visit https://northavenue.com/sba-7a-loans/.

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