CLINTON, N.J. (January 22, 2015) - Unity Bank has promoted Debbie Godt to Small Business Administration (SBA) Business Development Manager, responsible for the bank's growing SBA lending portfolio within the federal financing program. Godt, a Randolph resident, previously served as Vice President/SBA Business Development Executive and has over 25 years of banking, accounting and finance experience.
"Debbie deserves much of the credit for the growth of our SBA portfolio so this promotion is well deserved," said Unity Bank President & CEO James A. Hughes. "She has helped us build strong referral relationships throughout our SBA service area. We are committed to providing the communities we serve with a growing SBA program that provides our shareholders with a strong return on their investment."
Unity Bank participates 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 program that offers small businesses long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. Last year, Unity Bank reached the top 10 of SBA lenders in loan volume in New Jersey. The program also serves parts of Pennsylvania and is expanding into New York.
For more information on Unity Bank's SBA lending program, please visit http://www.unitybank.com/business_lending.asp.
About Unity Bancorp, Inc.
Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, its primary and wholly owned subsidiary, is a financial services organization headquartered in Clinton, N.J. Unity Bank provides financial services to retail, corporate and small business customers through its 15 bank branches in Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County, Pennsylvania. Unity Bank provides traditional and community-oriented commercial banking services, including personal and business checking accounts and time deposits, money market accounts and regular savings accounts. For more information, please visit www.unitybank.com or call 800-618-BANK (800-618-2265).