Seacoast Commerce Bank hired Rahul Barot as senior vice president and Small Business Administration (SBA) business development officer. Barot will be based in Chicago.
Barot brings proven success in SBA production to Seacoast’s SBA Division and will be helping small businesses facilitate the acquisition, development, and refinance of their commercial real estate properties.
Barot has over 15 years of banking experience in a community bank environment. He began his career in financial services in 2004 with Parth Consultants, providing SBA 7(a) packaging services for borrowers and lenders. He went on to work for American Enterprise Bank for 12 years, serving in several roles during his tenure there, including positions in closing, servicing and business development. For the last 8 years, he was a player/coach for American Enterprise Bank, managing their SBA operations and personally generating over $15 million in annual SBA loan production.
“Rahul is an outstanding addition to our SBA team and we are very excited to have his experience as we look to expand our business in the greater Chicago area and Illinois. We are confident that his skills, expertise and consultative approach to helping our small business clients pursue their dreams of owning or improving their facilities will resonate positively with our clients,” stated Don Mercer, Seacoast executive vice president, SBA national sales manager.
Headquartered in San Diego, Seacoast Commerce Bank has four full-service banking branches in San Diego and Orange County, CA, and loan and deposit production offices throughout Arizona, California, Colorado, Georgia, Illinois, Ohio, Oregon, Massachusetts, Nevada, Texas, Utah and Washington.