Preferred Capital BIDCO, Inc. Announces Growth for 1Q 2007
WILMINGTON, Del. – May 31, 2007 – Preferred Capital BIDCO, Inc., one of the mid-Atlantic region’s top U.S. Small Business Administration (SBA) lenders by loan volume, has announced that it had a record-breaking first quarter of growth in 2007 in lending to small businesses. The company, headquartered in Wilmington, Del. and lending throughout Delaware, Pennsylvania and New Jersey, achieved growth both in numbers of new applications and subsequent loan funding.

“Preferred Capital had vigorous loan activity during the first quarter of 2007 by adding veteran lending staff and emphasizing our proficiency at providing SBA 7(a) and 504 loans to small businesses throughout the Delaware Valley and New Jersey,” said Rocco Perate, president and CEO of Preferred Capital. Perate also stated that in 2007 Preferred Capital plans to expand its small business lending products by acquiring a parallel lending business.

Preferred Capital BIDCO, Inc. is a nationally chartered, non-depository lending institution licensed by the Delaware State Banking Commission and a National Preferred Lender with the U.S. Small Business Administration. Preferred Capital’s corporate headquarters are located at 300 Delaware Avenue, Suite 1380, Wilmington, Del. 19801.

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