Guam – U.S. Small Business Administration’s (SBA) Guam Office announced that Bank of Guam surpassed all local banks as the principal generator of small business loans on Guam, approving 26 SBA loans totalling over $2.9 million on Guam for fiscal year ending September 30, 2013.
Bank of Guam Board Chair, President and Chief Executive Officer Lourdes A. Leon Guerrero stated, “Being named SBA’s #1 local Bank in generating small business loans in Guam reminds us of our founding commitment to local and responsible economic growth and success.”
Leon Guerrero went on to say, “We are also very proud of Janine Eustaquio, Bank of Guam’s lending officer who generated the most number of Guam’s SBA loans. We are humbled by the support over these four decades and will continue to work for and earn the trust of our community. We are proud to share this wonderful success with our community.”
[L-R: Ken Lujan, SBA Guam Branch Manager and Bank of Guam officers Ben Pablo, Mike Naholowaa, Esther Reyes (2010 Guam Banker of the Year), Alice Gagarin (2012 Guam Banker of the Year), Joyce Miyashita, Janine Eustaquio (2013 Guam Banker of the Year), Lou A. Leon Guerrero, Keven Camacho, Renee Wade and William D. Leon Guerrero. ]
Bank of Guam continues its SBA status as a member of the SBA Preferred Lender Program (PLP), Certified Lender Program (CLP) and Patriot Express. The SBA Preferred Lender Program provides the highest level of autonomy to designated banks, while Patriot Express is a loan initiative for veterans and members of the military community wanting to establish or expand small businesses.