LAGRANGE, Ga., Feb. 10, 2026 (GLOBE NEWSWIRE) — While many financial institutions slowed or paused during the federal government shutdowns, and others continue to scale back or exit government-guaranteed lending programs through the Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA), Community Bank & Trust moved in the opposite direction. The bank […]
Category Archives: USDA
Press, SBA, SBA 7a, USDA
Phoenix Lender Services Facilitates Record $325 Million in SBA and USDA Loan Closings in First Full Year of Operations
LAGRANGE, Ga., Nov. 04, 2025 (GLOBE NEWSWIRE) — Phoenix Lender Services (“Phoenix”), a subsidiary of Community Bankshares Inc. (“CBI”), announced today that it facilitated more than $325 million in SBA and USDA loan closings during its first full fiscal year in operation — marking one of the most successful inaugural performances in the history of […]
On October 1, 2025, the U.S. federal government entered a funding lapse, commonly referred to as a shutdown, after Congress failed to pass the appropriations bills. While essential services remain operational, many federal programs are paused or slowed during a shutdown. Among those affected are government-guaranteed lending programs, such as the SBA and USDA. Here’s […]
