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BUSINESS LENDERS OPENS OFFICE IN DALLAS
Hires Former SVP from Worth National Bank
DALLAS, Texas - April 10, 2000 - Business Lenders, LLC, a leading non-bank Small Business Administration (SBA) lender, continues its nationwide growth, further penetrating the Texas market by opening an office in Dallas. Jim Murphy, who brings more than 20 years of experience in small business finance, as well as banking, mortgage services, and commercial lending, has joined the company as vice president, based in the Dallas office.
Murphy comes to Business Lenders from Worth National Bank of Fort Worth, in which he served as senior vice president, responsible for the bank's SBA lending department. He had previously served in senior positions at several area banks.
"Jim is an especially valuable asset to Business Lenders because he knows the financing business so well," says Business Lenders' President Gary Mullin. "As a non-bank lender, our lending efforts aren't subject to the same kinds of restrictions as those faced by banks. Jim is ideally positioned to present our clear advantages to our small-business loan applicants. And his living in the Dallas/Fort Worth area is a great fit with our long-term interest there. We're very pleased to welcome Jim to Business Lenders."
Murphy, who has a bachelor of arts degree in economics from the University of Texas at Arlington and a master of science degree in economics from Texas Christian University, resides in Fort Worth.
Headquartered in Hartford, Connecticut, Business Lenders is one of the nation's top-ten, non-bank, SBA lenders, with approval to lend in 47 states. A member of the Medallion Financial Group, a New York-based specialty finance company (NASDAQ symbol: TAXI), Business Lenders received the SBA's Gold Award for its volume of approved loans in 1999 and can be reached toll free at (877) 345-6267
