John Marshall Bank announced the hiring of John Ashkar as Senior Vice President, Director of Business Banking. In this role, Mr. Ashkar will lead the bank's business banking team and platform, with a focus on expanding small business lending programs. A key initiative will be the addition of SBA Express loans to the bank's offerings.
Mr. Ashkar brings over 31 years of banking experience, most recently serving as Small Business Market Manager for TD Bank in the DC Metro region. His expertise is expected to enhance the bank's partnership with the U.S. Small Business Administration (SBA). The bank's Preferred Lender Status allows it to make certain loan approval decisions without direct SBA approval, expediting funding for small businesses.
The introduction of SBA Express loans is designed to provide quicker access to funds and simplify the application process for small businesses. This strategic hire and program expansion reflect John Marshall Bank's commitment to the success of its small business clients and its intent to capture additional market share in this segment.
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