His primary market is Northern Virginia with secondary markets in Maryland and West Virginia. His office is located at 602 S. King Street, Leesburg, Virginia, 20175.
“We are pleased to have Erik join our growing lending team, especially for clients who can benefit from his expertise with SBA loan programs,” stated Alice P. Frazier, President and CEO. “Erik’s extensive experience and success in growing loan portfolios will enhance our ability to provide the best loan products and services in our markets.”
Mr. Seppala brings over 20 years of banking experience to BCT, all of which were in the Northern Virginia area. Immediately preceding BCT, Seppala served as 1st Vice President with EagleBank where he focused on SBA lending. Prior experience included Primis Bank, formerly known as Sonabank, with a focus on commercial lending, and Potomac Bank of Northern Virginia which merged with Sandy Spring Bank, where he served as a branch manager.
A graduate of Virginia Polytechnic and State University (Virginia Tech) in Business Management and Finance, Mr. Seppala is a proud Hokie fan. He makes his home in Loudoun County, Virginia, with his wife, three children, and two dogs. He enjoys playing golf and taking family trips to the beach.
About BCT’s SBA Lending Group
BCT’s SBA lending group is recognized by the SBA as a coveted “Preferred Lender” providing clients with a much faster and efficient application process. The collective experience of the SBA group and its proficiency with SBA products and services allow BCT to effectively support all SBA lending solutions, including: the SBA Express and Export Express for loans and lines up to $500,000; Loans to Veterans through the SBA Express Program up to $500,000; all 7(a) Loan Program options up to $5,000,000; and short-term working capital lines of credit up to $5,000,000. Additionally, BCT will continue to be an active lender in the SBA 504 Program which allows for attractive long-term fixed rate financing for owner-occupied commercial real estate.