American Momentum Bank enters Western U.S. market with key SBA lending hire
11/02/2022
PROVO, Utah (Nov. 2, 2022) — American Momentum Bank has entered the Western U.S. market by hiring SBA financial services veteran Jason Hutsenpiller to serve as Senior Vice President, Nationwide SBA Business Development Officer III. The hire comes as the community bank continues the national expansion of its Tampa, Fla.-based SBA Lending Division. Hutsenpiller will serve clients nationally, with a focus on the West, and will be based in Provo, Utah.
“Jason has a long track-record of success in SBA lending, is well-respected in the industry, and is a self-motivated top performer,” said Patrick Fenech, Senior Vice President, Managing Director SBA Lending at American Momentum Bank. “We knew immediately that he would be a great fit for American Momentum, not only from a production standpoint, but also a cultural standpoint. We’re lucky to have him representing the bank’s SBA division in the West.”
Texas-chartered American Momentum Bank – which is a designated “SBA Preferred Lender,” according to the U.S. Small Business Administration (SBA) – announced the national expansion of its SBA Lending Division in May. Since then, the bank has hired four SBA lending professionals throughout the country.
Hutsenpiller’s career has spanned over 25 years in the banking industry, with 23 of those focused on SBA lending. Immediately before joining American Momentum, he served as SBA Business Development Officer at Enterprise Bank & Trust, focusing on SBA loans for commercial real estate. Before that, he held positions at Town & Country Bank in Sandy, Utah; University Federal Credit Union in Salt Lake City; and Far West Bank in South Jordan, Utah.
In his new role with American Momentum, Hutsenpiller will be responsible for sourcing well-qualified SBA 7(a) loan opportunities. He will focus on building relationships with business owners, as well as referral sources, such as business brokers, loan brokers, commercial bankers, CPAs, attorneys and commercial real estate professionals.
Hutsenpiller earned a bachelor’s degree in communication and political science from the University of Utah in Salt Lake City. He has also completed the National Association of Government Guaranteed Lender’s (NAGGL) SBA coursework and the National Association of Development Companies’ (NADCO) 504 Loan Program training. He served on the credit committee of the Salt Lake City Economic Development Loan Fund from 2014-2017.
“In my previous role, I was focused solely on real estate,” Hutsenpiller said. “One of the main benefits of this new position is I’ll be able to use the 7(a) program more for what it’s intended, including working capital and equipment, in addition to real estate. Also, it’s exciting to be on the ground floor of this national expansion with American Momentum.”
American Momentum established the SBA Lending Division in Tampa in 2016. It has grown from a total of $13.83 million in annual SBA loan production in 2017 to $41.63 million in 2021 – an increase of 201% in five years.
