Mark Nichols joins American Momentum as Vice President, SBA Business Development Officer III
TAMPA, Fla. (July 20, 2021) — American Momentum Bank recently hired Mark Nichols to serve as Vice President, SBA Business Development Officer III. In his new role, Nichols will be based in Tampa and will help grow the bank’s Small Business Administration (SBA) 7(a) loan program throughout the southeast.
Nichols has more than 20 years of experience helping entrepreneurs. Prior to joining American Momentum Bank, he operated Flexible Capital Solutions, which marketed and structured debt facilities for major Community Development Entities (CDEs), banks, Business Industrial Development Corporations (BIDCO) and non-bank lenders.
“We are excited to welcome Mark to the SBA team and look forward to watching him assist our small business clients,” said Patrick Fenech, Senior Vice President, Managing Director SBA Lending at American Momentum. “Having known Mark in a professional capacity for several years, I’m looking forward to working alongside him as we help growing businesses acquire the capital they need to thrive. Already, he’s closed a $3 million loan to help a rapidly growing business.”
Throughout his career, Nichols has helped companies attain capital to purchase equipment and real estate, expand their facilities, improve cash flow, execute acquisitions and refinance debt. He has worked with companies ranging from small or startup organizations to larger corporations with up to $50 million in sales. Nichols has experience deploying capital via multiple government programs, including New Markets Tax Credit (NMTC), Small Business Association (SBA) and USDA Business & Industry (B&I). He is a graduate of The University of Tennessee.
“I’m excited to bring my experience to American Momentum Bank and look forward to structuring creative financing solutions to help small- to medium-size businesses acquire capital to meet their goals and growth aspirations,” said Nichols. “Over the years, I’ve seen the hurdles that entrepreneurs encounter, and I thrive at finding solutions that help overcome them.”