SBA loan marketplace and bank enabling technology platform SmartBiz Loans has appointed Ann Marie Mehlum to its board of directors.
Ms. Mehlum has three decades of community banking experience which includes founding Oregon’s Summit Bank and officer positions at several more banks on the West Coast. She was an associate administrator at the SBA’s Office of Capital Access where she directed the 7(a) general business loan guarantee program, the 504 program for real estate and long term asset financing, and micro loan offerings. FDIC chairman Martin Gruenberg appointed Ms. Mehlum to the FDIC Community Bank Advisory Board and she also served on the Oregon Growth Board and the U.S. Department of Treasury’s Community Development Financial Institutions Advisory Board.
Ann Marie Mehlum
“With her decades of experience both at the SBA and in the broader banking industry, Ann Marie represents the addition of invaluable expertise and guidance to the company’s board of directors,” SmartBiz Loans CEO Evan Singer said. “We rely on our board to bring experience-based ideas and insights to SmartBiz, and having led a variety of innovative programs during her time at the SBA, we are confident that Ann Marie will add exponential value to the company’s innovative culture.”
“In my banking career, where I held positions including credit analyst, loan officer, chief credit administrator, and CEO of a business-focused bank, I was always looking for ways to more efficiently extend credit to small businesses,” Ms. Mehlum said. “SmartBiz Loans is exciting because their online loan technology makes it easier and quicker for small businesses to get a loan, while also integrating with legacy systems and ensuring compliance with SBA and general banking regulations.
“It’s better for the small business and better for the bank.”