Plumas Bank promotes three in SBA lending group

Plumas Bank recently announced that it has promoted three top-producing team members in the Small Business Administration (SBA) Lending Department. Kelley Cheney and Robert (Bob) Porter were each promoted to senior vice president, business development officer and Riley Williams was promoted to vice president, SBA loan officer.

Cheney has been with Plumas Bank for 15 years and specializes in financing gas station/convenience stores, grocery stores, car washes and other businesses where change of ownership occurs. He is a member of the California Association of Business Brokers and the Colorado Association of Business Intermediaries. He recently served on the board of the California Association of Business Brokers holding roles as director of governance, director of affiliate sponsorships and conference co-chair.

Porter joined the bank in 2008. He specializes in financing acquisitions in the restaurant and

hospitality industry and other businesses where change in ownership occurs. Porter is a member of the California Association of Business Brokers, the Colorado Association of Business Intermediaries, and is active in numerous business networking groups.

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Together, the two have funded nearly $400 million in small business loans during their tenure at the bank.

Williams joined the Plumas Bank SBA team in 2020 and has become a top performing underwriter. With more than 10 years of experience in financial services, he has helped the department update programs, processes and procedures to improve efficiencies within the department.

“Both Kelley and Bob have been valuable members of the Plumas Bank SBA team for fifteen years and we are thrilled to announce their promotions. Additionally, we are excited to promote Riley and appreciate his valuable contributions.  We congratulate these exceptional professionals for their well-deserved promotions in recognition of their time, talent and unwavering commitment that speaks to the core of Plumas Bank’s mission to create and promote an environment where small businesses can grow and succeed,” stated Senior Vice President and Manager, Small Business Lending Group, Rodney Borges.

Borges concluded, “Plumas Bank has long been one of the most active SBA lenders among community banks in our market area and with our growing and robust team of SBA experts, we are confident the program will continue to enjoy success in the future.”

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Plumas Bank is an SBA preferred lender in the 7(a) Loan Program, SBA’s primary program to help start-up and existing small businesses obtain financing when they might not be eligible for business loans through normal lending channels. The bank also participates in the SBA 504 Loan Program, an economic development initiative that offers small businesses long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. As a Preferred Lender, Plumas Bank can approve loans without prior SBA review which helps businesses get the money they need quickly. For more information about the bank’s SBA lending program, visit plumasbank.com/sba.