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Renee Weatherby

Renee joined ProfitStars in February 2017 after a 21 year banking career most recently serving as Vice President of Loan Operations. She has managed loan operations and document imaging, has been a credit analyst, teller and trainer. She is proud to have helped grow her $500M institution to over $4B, both organically and through several acquisitions. Renee received her bachelor’s degree magna cum laude in Business Administration with a minor in Quantitative Analysis from Missouri State University. She currently resides in Springfield, Missouri with her husband, two daughters and two step-daughters. She loves traveling and frequently changes her hobbies.

Recent Posts

Capturing the Emerging Businesses Market by Achieving 0 to 60 with Record Results

Posted by Renee Weatherby

Oct 20, 2017 11:30:00 AM

Providing loans to young and emerging small businesses should be considered “mission critical” for any community-based financial institution hoping to grow its loan portfolio. According to the recently released report on startup firms by the Federal Reserve, 20% of all employer firms in the U.S. have been in business for less than 2 years while another 14% have been around for 3 – 5 years. That is about a third of all employer firms. Additionally, more than half of these firms sought financing in 2016.

Here are a few other key business metrics from the report:

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Topics: Commercial Lending

It's Time to RATE the Effectiveness of Your Small Business Lending Process

Posted by Renee Weatherby

Oct 6, 2017 11:00:00 AM

Of the $1.9 trillion dollars in commercial and industrial loans held by FDIC insured institutions today, approximately $296 billion (15%) are smaller than $100k. Small financial institutions have been taking a hard look at how to deliver these loans in a manner that is beneficial to business owners while also taking their own operating costs into account. Since the early 1990s, larger financial institutions have worked to develop scoring models to help increase efficiency and profitability within this segment of the market. Smaller institutions, placing an emphasis on local decision processes and strong ties to the business owner, rarely pursued these techniques. It is clear that small loans to this sector are a challenge to the overhead of the underwriting institution.

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Topics: Commercial Lending

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