Community Bankshares Inc. Reports Over $69 Million in Government Guaranteed Lending in Q1 Across 14 States

LAGRANGE, Ga., April 09, 2025 (GLOBE NEWSWIRE) -- Community Bankshares, Inc., the holding company of Phoenix Lender Services, Thomas Financial Group, and Community Bank & Trust, announced today the successful deployment of over $69 million in Small Business Administration (SBA) and United States Department of Agriculture (USDA) backed loans through the end of Q1 2025. The financing activity spans 14 states, reflecting the company's growing national presence and commitment to delivering critical capital to underserved and rural communities.

Together, the loans will help create over 400 new jobs and retain more than 350 while enabling key infrastructure expansion, debt refinancing, and facility upgrades for small to mid-sized businesses.

The lending activity included 17 SBA loans totaling over $23 million, funded by Community Bank & Trust, with origination, underwriting, and closing assisted by Phoenix Lender Services and Thomas Financial Group through their Lender Service Provider (LSP) relationship. Furthermore, Phoenix Lender Services helped to originate, underwrite, and close another $46.7 million in USDA-backed loans.

"This is exactly the type of impact we built Phoenix Lender Services to deliver," said Chris Hurn, President of Community Bankshares and President & CEO of Phoenix Lender Services. "We are proud to empower community banks with the tools and expertise they need to deliver transformative capital into rural, urban, and working-class communities, especially when it strengthens supply chains, creates jobs, and preserves family-run businesses."

Phoenix Lender Services serves as the Lender Service Provider (LSP) on SBA, USDA, ...

https://www.benzinga.com/pressreleases/25/04/g44710141/community-bankshares-inc-reports-over-69-million-in-government-guaranteed-lending-in-q1-across-14-