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News Stories (23 Results) - Small Business Administration

TD Bank announced it closed a Small Business Administration loan in a $5 million debt-refinancing deal with The Foster Corporation dba Bio-Serv and Radon Supplies. The restructure will allow Bio-Serv and Radon Supplies to continue daily operations at... Read Story
July 02, 2019, 07:10 AM


Bank lending to small businesses, a major contributor to local economies and job creation around the country, is still depressed several years after the end of the U.S. financial crisis that started in 2008, according to a new study by faculty at... Read Story
January 24, 2018, 07:20 AM


KeyBank announced it ranked ninth in the nation for the Small Business Administration's (SBA) FY 2017. It extended $318 million in approved dollars over the course of the year, representing a 43 percent jump in dollar volume from 2016 levels, more... Read Story
October 12, 2017, 07:06 AM


Huntington Bank is the nation's second largest originator of Small Business Administration (SBA) 7(a) loans during SBA fiscal year 2017, maintaining its ranking for total 7(a) loans nationwide, and ranking as the top 7(a) lender for total loans and... Read Story
October 06, 2017, 07:10 AM


NonBank Lender, a Stonebriar Commercial Finance company, provided $501,759 of real estate purchase financing utilizing the SBA's 504 Loan Program. NonBank Lender ("NBL") has completed the financing of a 20,100-square foot Industrial Warehouse... Read Story
July 28, 2017, 07:08 AM


Business owners are more optimistic than any time in the eight year history of the U.S. Bank Small Business Annual Survey. Times are good and they're getting better, although there are still challenges ahead, according to the survey. Owners are... Read Story
May 02, 2017, 08:12 AM


MUFG Union Bank, N.A. (Union Bank) announced four appointments within the Small Business Administration Lending group. Craig Cornwell, Billy Szeto, Jeff Theiler, and Sam Vichattu join as Vice Presidents reporting to Kirsten (Didi) Hakes, head of the... Read Story
April 27, 2017, 06:59 AM


As the national economy continues to grow, demand is on the rise for loans and financial services to support small business development. In response to this need, TD Bank, America's Most Convenient Bank®, is significantly expanding its small business... Read Story
February 15, 2017, 07:14 AM


Westfield Bank has been recognized as the top 3rd party lender in Western Massachusetts in terms of dollars and volume for 2016, according to the Massachusetts District Office of the U.S. Small Business Administration (SBA). Westfield Bank was among... Read Story
December 28, 2016, 07:00 AM


44 Business Capital, a Division of Berkshire Bank announce the hiring of Scott Stevens of Camp Hill, Pennsylvania, as First Vice President, SBA Lending for the Central Pennsylvania market. Stevens has over 11 years of commercial and SBA lending... Read Story
July 19, 2016, 07:08 AM


Steve Gross, executive vice president and SBA division head of Crestmark Bank, announced the promotion of Christopher Soupal to senior vice president, national sales director of the SBA Lending Division from first vice president, national sales... Read Story
July 13, 2016, 06:13 AM


44 Business Capital, a Division of Berkshire Bank announced the hiring of David Nayor of Pound Ridge, New York as First Vice President for the NYC, West Chester County, NY and Fairfield County, Connecticut market. Nayor has most recently served as... Read Story
June 22, 2016, 07:00 AM


Small business owners feeling the pressure of commercial mortgage debt and facing the specter of rising interest rates can get relief starting June 24 when a new refinance program is launched by the Small Business Administration (SBA) and provided by... Read Story
May 27, 2016, 07:12 AM


Berkshire Bank has completed its asset purchase transaction with 44 Business Capital, LLC of Blue Bell, Pennsylvania, and Parke Bank of Sewell, New Jersey, under which Berkshire Bank has acquired the business model of 44 Business Capital and certain... Read Story
May 02, 2016, 07:10 AM


Univest Bank and Trust Co. is expanding its commitment to small businesses with the creation of a lending team dedicated to supporting small businesses in Greater Philadelphia and the Lehigh Valley. With big banks taking the place of community banks... Read Story
January 28, 2016, 07:17 AM


44 Business Capital, LLC announced the signing of an asset purchase agreement with Berkshire Bank and Parke Bank under which Berkshire will acquire the business model of 44 Business Capital and certain other assets of Parke Bank's SBA 7(a) loan... Read Story
November 02, 2015, 07:14 AM


44 Business Capital LLC, the exclusive Lender Service Provider for Parke Bank, helped Parke Bank become the top SBA lender by dollar volume in the Philadelphia District of the U.S. Small Business Administration region according to SBA Philadelphia... Read Story
October 29, 2015, 06:46 AM


Wells Fargo & Company (NYSE: WFC) approved more SBA 7(a) loans and dollars for America’s small businesses than any other lender in federal fiscal year 2015 (October 2014 – September 2015), according to recently released U.S. Small Business... Read Story
October 13, 2015, 07:07 AM


The Biz2Credit August Small Business Lending Index dropped by 0.1 points for big and small banks, an indication that the SBA budget scare effected growth in loan demand. Another key finding of the monthly analysis of 1,000 loan applications from... Read Story
September 10, 2015, 07:00 AM


Wells Fargo announced that John Coad has been named national sales manager for SBA Lending. A senior sales leader with 30 years of experience in commercial lending, including SBA lending and small business leadership roles at GE Capital, Coad will... Read Story
August 26, 2015, 07:14 AM


Reuters reported the U.S. Small Business Administration hit the $18.75 billion cap for its main loan guarantee program on Thursday, July 23, 2015 forcing it to halt the funding of new loans with more than two months left in the fiscal year.According... Read Story
July 27, 2015, 07:15 AM


44 Business Capital announced the hiring of Michael Hahn of Landenberg, PA as Senior Vice President and Business Development Officer for the Philadelphia market. Hahn has most recently served as Vice President and Business Development Officer for... Read Story
July 23, 2015, 07:02 AM


Small business loan approval rates at big banks hit a post-recession high for the second consecutive month, according to the July 2014 Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com. Small... Read Story
August 07, 2014, 06:00 AM