Alan Jung celebrates 20 years at Capital Access Group
Alan Jung, Capital Access Group Senior Vice President and Chief Credit Officer, recently celebrated his 20th anniversary with the company. We took advantage of the occasion to interview Alan to get his perspective on the SBA 504 program and what he enjoys most about working at Capital Access Group.
Q: Congratulations on your 20th anniversary at Capital Access Group! What were you doing prior to joining CAG?
A: I worked at commercial banks prior to joining Capital Access Group. I’ve always had an interest in financial lending analysis, which is why I had started working with banks.
Q: What positions have you held at Capital Access Group, and what are your current responsibilities?
A: I started as a credit analyst and progressed to my current position. I’m a jack-of-all-trades at our CDC. My primary responsibility is Chief Credit Officer, heading up the underwriting function of the company, but I am also part of the management team responsible for the strategic direction and growth of the CDC.
Q: What gives you satisfaction from working with the 504 program?
A: I think the 504 program is very unique. It offers a great financing solution for business borrowers for the inherent advantages that the 504 provides. The program has progressed over the years to allow larger businesses to benefit from this financing vehicle. My satisfaction comes from being able to watch the progress of borrowers who first utilized the 504 loan for their early facility expansion needs, and to see them grow and come back to us for additional projects.
Q: What are some of your favorite things about working with Capital Access Group?
A: At its core it’s being able to assist our small business borrowers. The way the company is set up allows us to respond more promptly and directly with borrowers. These dynamics have been a good fit for myself and my team members. At the end of the day we feel good when we are integral to helping a small business grow.
There’s also the value-added service that our company provides. We make the effort to really understand the borrower, the borrower’s business, and the unique aspects that need to be weighed or understood relative to their current needs and predicted future performance.
Q: Is there anything else you want to say about your 20th anniversary?
I’m very grateful for the past and continuing opportunities to work with our lending partners, the SBA, and all other parties involved in the 504 transaction to provide financial assistance to small businesses.
The best part of the job—and my true joy of working at Capital Access Group—are the many enduring friendships I’ve made over the years. It’s been a privilege.
Again, congratulations on this amazing milestone. You make us proud.