#United States #Las Vegas #SBA Loans #Lexicon Bank #Government Lending

Lexicon Bank Expands Its Services

In an exciting development for small business owners, Lexicon Bank is enhancing its offerings by launching a new division focused on government-guaranteed lending. The new Lexicon Bank SBA Division aims to streamline capital access for small businesses by leveraging programs from the Small Business Administration (SBA) and the United States Department of Agriculture (USDA), alongside traditional lending options. This strategic move is designed to bolster the financial health of small businesses across Southern Nevada and beyond.

Meeting the Needs of Small Businesses

The creation of the SBA Division at Lexicon Bank emerges at a critical time as small business owners face increasing challenges in accessing necessary funding. The new unit will provide a wide range of financial solutions tailored to the unique needs of entrepreneurs. From SBA 7(a) loans to USDA financing, the division aims to cover various business necessities including expansions, working capital, equipment purchases, and real estate acquisitions.

Tony Vahsholtz, Senior Vice President and Director of the SBA Division, along with Tracy Atkinson, Vice President and SBA Credit Operations Director, will spearhead this initiative. With their extensive backgrounds in SBA lending and a strong focus on community-oriented banking, they are perfectly positioned to lead this effort. Their wealth of experience in underwriting, risk management, and loan servicing will ensure businesses receive the necessary support and expert guidance through the lending process.

A Commitment to Community and Growth

This expansion reflects Lexicon Bank's deep commitment to fostering local economies. Stacy Watkins, the President and CEO, emphasized that when communities thrive, everyone benefits. The introduction of the SBA Division is not merely an expansion of services; it embodies Lexicon Bank's values of partnership, innovation, and community-driven support. By maintaining a service-first approach, the bank aims to build lasting relationships with clients, further enriching the communities it serves.

Enhancing Service and Accessibility

The introduction of government-backed financing options represents a natural evolution for Lexicon Bank, aligning with the current pressing needs of small business owners. The evolving economic landscape has highlighted the necessity for accessible and affordable capital, and Lexicon Bank is poised to meet these demands efficiently.

In addition to the financial solutions provided, the bank's expansion includes investments in its team to enhance the delivery of concierge-style services. This approach ensures customized experiences that align with the distinct visions and financial goals of each business client. Lexicon Bank is determined to redefine banking by offering a client-centric, comprehensive suite of services tailored to the needs of Southern Nevada's diverse businesses.

About Lexicon Bank

Founded in 2019, Lexicon Bank has swiftly established itself as a premier community-focused banking partner in Southern Nevada. With its headquarters located in Las Vegas, the bank prides itself on providing personalized banking solutions that foster long-term relationships with both business and individual clients. By enhancing its service offerings, Lexicon Bank is not only driving economic growth but is also committed to the overall development of the local community. Their mission is clear: to deliver exceptional, concierge-like banking experiences to businesses of all sizes, ensuring their success and prosperity in today’s competitive landscape.

For more information about Lexicon Bank's services and to explore financing options, visit their website or connect with them through social media platforms such as Facebook, Instagram, LinkedIn, and Twitter.