John Coad Named National Sales Manager for Wells Fargo SBA Lending
August 25 2015 - 8:00AM
Business Wire
Coad to lead sales team for nation’s No. 1 SBA 7(a)
lender
Wells Fargo (NYSE:WFC) announced today that John Coad has been
named national sales manager for SBA Lending. A senior sales leader
with 30 years of experience in commercial lending, including SBA
lending and small business leadership roles at GE Capital, Coad
will lead a national sales team of SBA lending professionals and
help drive growth for a line of business that has been America’s
No. 1 SBA 7(a) lender in dollars for six consecutive years (U.S.
SBA, federal fiscal years 2009-2014). He will be based in New York
and report to Donna Serres, head of Wells Fargo SBA Lending.
“I am happy to welcome John to the SBA Lending team, and to
Wells Fargo,” said Donna Serres. “With a proven track record and
exceptional sales and management experience, I know he will be
instrumental in helping us serve the small business community and
as a result, earn more business and build on Wells Fargo’s
reputation as a leader in SBA lending.”
Coad joins Wells Fargo after a 30-year career in commercial
lending, 24 of those years with GE Capital where he was first
introduced to SBA lending as Regional Sales Leader for GE Capital’s
Small Business Finance Group in 1995. Coad held various regional
and national sales leadership roles within GE Capital’s Business
Property and Small Business Finance departments, focusing on SBA
and conventional loan products. In his most recent position with
GE, he led the East Coast loan origination team for the Franchise
Finance division.
Wells Fargo is the nation’s leading SBA 7(a) lender in dollars
and units through ten months of federal fiscal year 2015 (October
2014 – July 2015), approving 37 percent more SBA 7(a) loan dollars
and 73 percent more SBA 7(a) units than a year ago. To help more
small businesses achieve financial success, Wells Fargo launched
Wells Fargo Works for Small BusinessSM – a broad initiative to
deliver resources, guidance and services for business owners. For
more information about Wells Fargo Works for Small Business, visit:
WellsFargoWorks.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide,
diversified, community-based financial services company with $1.7
trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments,
mortgage, and consumer and commercial finance through 8,700
locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile
banking, and has offices in 36 countries to support customers who
conduct business in the global economy. With approximately 266,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 30 on
Fortune’s 2015 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and
help them succeed financially. Wells Fargo perspectives are
also available at Wells Fargo Blogs and Wells Fargo Stories.
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version on businesswire.com: http://www.businesswire.com/news/home/20150825005009/en/
Wells Fargo & CompanyJim Seitz,
612-316-2447Jim.seitz@wellsfargo.comorKevin Friedlander,
908-907-1317Kevin.Friedlander@wellsfargo.com
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