PRESS RELEASE: Small Business Assistance Corporation Announces Retirement of Vice President Stephen George and Promotion of Wendy Jeffers and Victoria Saxton

January 27, 2023

SAVANNAH, GA (January 27, 2023) — The Small Business Assistance Corporation (SBAC) would like to acknowledge the retirement and tireless work of its first-ever vice president, Stephen George, as well as the promotion of Wendy Jeffers to director of lending and Victoria Saxton to chief operating officer.

George started working at SBAC in December 1989 following his time with the City of Savannah as the downtown services specialist. Throughout his 32 years of service to SBAC, George assisted with the starting and expansion of thousands of businesses in Savannah and its surrounding areas. George has been one of the core pillars of SBAC and the second person in SBAC’s history to retire. He will always be remembered for his work and contributions to the small business community as well as his love for Louisiana State University (LSU).

Taking on the new role as leader of SBAC’s production department is Wendy Jeffers. Jeffers accepted the promotion to director of lending after working with SBAC as senior loan officer for 13 years. Her experience dominates in the SBA 504 program, financing commercial real estate loans in conjunction with local banks. Jeffers’ strong reputation of expertise, diligence and character will increase traction in the processing and lending of SBAC’s extensive array of small business loans.

SBAC has also promoted Victoria Saxton from chief financial officer (CFO) to chief operating officer (COO). Saxton has worked with SBAC for eight years, excelling as an accountant, controller and CFO with accompanying strategic management responsibilities. With the new title of COO, Saxton will manage daily business operations and execute SBAC’s strategic business plan.

About the Small Business Assistance Corporation
Established in 1989, the Small Business Assistance Corporation (SBAC) is a nonprofit lender that provides financing support for small businesses. SBAC is a Community Development Financial Institution (CDFI), certified by the U.S. Department of the Treasury. SBAC is also a Certified Development Company (CDC) licensed by the U.S. Small Business Administration (SBA) and contracted by the U.S. Department of Agriculture (USDA), Georgia’s Department of Community Affairs (DCA) and the City of Savannah, to promote small business development through financing and technical assistance. It offers a wide variety of loan programs for new and existing businesses in Savannah and throughout Southeast Georgia and the South Carolina Lowcountry. For more information on the Small Business Assistance Corporation, visit