SBA Lending

Magna Bank has been a huge asset in getting my dream of owning my own business off the ground. From my first meeting with the commercial lending team, I knew I had chosen the right bank. — actual customer quote

What We Do

At Magna Bank, we excel at finding financial solutions for small businesses. We fully understand that small business is the heart and soul of our economy, both as a community and as a nation. Our Small Business Administration (SBA) lending professionals are dedicated to seeing that small business has a chance to succeed, even in a trying economy.

About SBA Loans

SBA loans are guaranteed by the US Small Business Administration and offer longer terms and lower out of pocket cash than conventional loans. Magna Bank is an experienced lender, offering service to the small business community, ensuring a fast turnaround time for you... the small business owner.

Contact Us

To inquire about SBA financing, please contact Tom Stewart. Contact information listed below.

Tom Stewart
Senior Vice President
Office: 901.259.5633
tom.stewart@magnabank.com
NMLS# 887766
Over 20 years of banking experience

Tom Stewart, Senior Vice President of Small Business Lending joined Magna in 2012 and was previously developing the Mid-South Market for Wells Fargo SBA. Tom has 20 years of SBA lending experience as well as being a past SBA 504 voting member of a very large Community Development Corporation located in Northern Ohio.    

Judy Carter
Small Business Lending Closing Coordinator
Office: 901.259.5606
judy.carter@magnabank.com
Over 34 years of banking experience

Judy Carter is Small Business Lending Coordinator. She has been with Magna since 2001 and previously worked at Bank of America.