InBank Launches New SBA Lending Division as INTQ Financial

InBank, a growing independent commercial bank serving the Colorado Front Range, southern Colorado, and northern New Mexico markets, announced today that it has launched a new small business lending division branded as INTQ Financial (INTQ).

In a strategic partnership with NOVATRAQ®, a premier cloud-based software platform for small business lending, INTQ Financial will originate and service SBA 7(a), SBA 504, and USDA loans to borrowers nationwide.  This move follows the announcement in May 2023 that InBank was selected by the Small Business Administration (“SBA”) as the “Small Bank Lender of the Year” for the state of Colorado.

InBank plans to expand its existing SBA lending team and add additional resources to create the new division, which will be led by industry veteran Tim Romano as Managing Director of INTQ Financial.

“We are thrilled to be launching INTQ Financial to deepen our commitment to SBA lending, and to pursue new opportunities for InBank through INTQ Financial.  We aim to make the SBA and USDA lending process easier for small businesses, and we also plan to work in cooperation with other banks that don’t have SBA lending capabilities,” says Ed Francis, Chairman and CEO of InBank.  “We look forward to combining Tim Romano’s SBA lending expertise and the long-term relationship with NOVATRAQ to provide small business customers and bankers with the most robust and integrated small business lending solutions available in the marketplace.”

As a division of InBank, INTQ Financial will be headquartered in the bank’s Greenwood Village, Colorado location. In addition to its existing Colorado presence, INTQ has already begun its expansion plans with the addition of SBA Sales Executives in key markets for the company, including Arizona and Georgia, and expects to continue hiring experienced loan origination and servicing professionals to support its growth plans.

“This is a unique opportunity to build upon InBank’s Lender of the Year status in Colorado and grow it into a national presence,” says Tim Romano, Managing Director of INTQ Financial.  “I understand the vision that Ed Francis and NOVATRAQ’s founder and CEO, Louis Taylor, have for INTQ Financial — their shared commitment to excellence and customer experience — and I am looking forward to leading our team focused on executing that vision.”

About InBank

InBank is the wholly-owned subsidiary of InBankshares, Corp (OTCQX:INBC), a Colorado-headquartered bank holding company. InBank is an independent commercial bank growing throughout the Colorado Front Range and serving southern Colorado and northern New Mexico markets. At June 30, 2023, InBank had $1.30 billion in total assets. InBank offers a full suite of commercial, business, personal and private banking solutions with a focus on personalized service, technology and local decision-making. InBank was built on the entrepreneurial spirit and is led by a team of experienced banking professionals committed to the mission of positively impacting the lives of its customers, communities and associates. For more information, visit www.InBank.com.