Preferred Capital LLC announces growth for 2006
WILMINGTON, Del. – April 13, 2007 – Preferred Capital, LLC (www.sbayes.com), one of the mid-Atlantic region's top U.S. Small Business Administration (SBA) lenders by loan volume, has announced that it had another record year of growth in lending to small businesses through its subsidiary, Preferred Capital BIDCO, Inc. The company, headquartered in Wilmington, Del., reported that it had achieved both top line growth in terms of growing its SBA loan volume and bottom line growth in terms of profit.
Rocco Perate, President and CEO, said “Preferred Capital had another robust year by focusing on our core competency of providing SBA 7(a) and 504 loans to small businesses in Delaware, Pennsylvania and New Jersey. Credit must also go to our dedicated and talented team, which expanded in 2006 as well.”
Preferred Capital BIDCO, Inc. is a nationally-chartered, non-depository lending institution licensed by the Delaware State Banking Commission, and a National Preferred Lender (PLP) with the U.S. Small Business Administration. Preferred Capital's corporate headquarters are located at 300 Delaware Avenue, Suite 1380, Wilmington, DE 19801.

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