Bob Burgess, a veteran commercial loan officer, has been hired as the new director of loans for the Southeast Kentucky Economic Development Corp. (SKED).
The Pulaski County resident started working this week at the 36-year-old nonprofit lender. He brings with him almost 20 years of banking and commercial experience.
Burgess says the shift from traditional banking to the nonprofit lending industry is a challenge he’s happy to take on. SKED’s long history of helping small business owners grow and grow piqued his interest in the position, he said.
“I am honored to accept the position of Director of Loans at SKED,” said Burgess. “I look forward to assisting in the long-standing tradition that SKED has accomplished in creating jobs, promoting economic development, and supporting small and large businesses in its 45-county service area.”
As Director of Lending, Burgess will lead SKED’s experienced lending staff as they work together to develop new programs and continue to provide area entrepreneurs with the business financing and technical assistance they need to purchase new equipment, working capital, land and buildings.
Prior to joining SKED, Burgess worked in commercial lending at Community Trust Bank, Inc., First & Farmers National Bank and Cumberland Security Bank in Somerset, Ky. He also worked for Southern Petroleum, in multiple roles, for eight year.
“I’m very excited to work with local small business owners,” Burgess added. “It is more important than ever that SKED is there to help entrepreneurs. They drive much of our economy and continue to employ much of our region’s workforce.”
He is a graduate of the Kentucky Banker’s Association School of Banking, specializing in commercial lending. He earned his bachelor’s degree in business management from Clarkson University in Potsdam, NY.
Burgess is originally from upstate New York but has lived in Somerset since 1996, where he and his wife, Jennifer, have raised four children.
He has been active in several non-profit organizations in the region. They’ve been a member of the board of directors of the Downtown Development Corporation, working on a campaign for the United Way’s finance division, a graduate of the Somerset-Pulaski County Chamber of Commerce’s leadership course, and vice president of a Pulaski County Multiple Sclerosis Campaign.
SKED Executive Director Brett Traver welcomes Burgess to the SKED staff.
“Having someone with Bob’s experience in commercial lending allows us to grow our loan portfolio exponentially in the years to come,” Traver said. “We are excited to work with Bob to expand our programs and to work more closely with traditional lenders in our service region to provide the loan capital small business owners need to grow and succeed in the global economy. ‘today.”
You can contact Burgess at [email protected] or call 606-677-6100.
To learn how SKED helps small business owners do business better, visit www.skedcorp.com.