- Key takeaway: The higher relationship-wide limit reflects a desire to help small businesses entering the lower-middle-market space.
- Expert quote: “It’s an opportunity for our clients to continue to grow, and [to] look at larger clients in this space.” — Timothy Little, Midwest region executive at Bank of America
Dan Pische, director of the Small Business Administration’s Office of Financial Assistance, served as a lender for the $8.6 billion-asset First American Bank in Elk Grove Village, Illinois, before going to work for the government in 2021.
