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Patriot National Bancorp unit granted preferred lender status

Stamford, Conn.-based Patriot Bank NA, unit of Patriot National Bancorp Inc., has been granted preferred lender status under the U.S. Small Business Administration's Preferred Lender Program.

Patriot Bank, due to its preferred lender status, is now allowed to process, close and service most SBA-guaranteed loans without prior SBA review.

Patriot Bank became an SBA-approved lender in 2017.