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News Stories (34 Results) - SBA

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


Wells Fargo & Company, one of the leading Small Business Administration lenders in the U.S., announced 38-year company veteran Don Fracchia has been named Head of its SBA lending division.In this role, Fracchia will lead more than 400 team members... Read Story
February 15, 2019, 07:25 AM


Innovative Financing Solutions, a leading bank consulting and business advisory firm specializing in the development and implementation of government guaranteed loan programs for financial institutions across the U.S., announces the launch of their... Read Story
August 06, 2018, 07:00 AM


KeyBank announced the acquisition of a digital lending platform for small businesses created by Bolstr. The fintech software, expected to be implemented in 2018, will enable KeyBank to provide faster and easier access both to SBA loans and to... Read Story
June 21, 2018, 07:25 AM


Byline Bancorp, Inc., the holding company of Byline Bank, announced it has completed its acquisition of First Evanston Bancorp, Inc., the parent company of First Bank & Trust. As a result of the transaction, First Bank & Trust has merged into Byline... Read Story
June 08, 2018, 07:10 AM


SBA Administrator Linda McMahon has announced the U.S. Small Business Administration is offering a 504 Loan and the Debenture that funds it with a 25-year maturity. This new 25-year Debenture will be made available for 504 Projects that are approved... Read Story
April 09, 2018, 07:15 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


HomeTrust Bancshares, the holding company of HomeTrust Bank ("Bank"), has announced the initiation of new SBA and Equipment Finance Commercial Lines of Business. HomeTrust Commercial Relationship Manager, Christopher McFatter, has been promoted to... Read Story
July 24, 2017, 07:10 AM


44 Business Capital, a Division of Berkshire Bank announces the hiring of Daniel O’Meara of Parker, Colorado, as First Vice President, SBA Lending for the Denver market. O’Meara has over 21 years of experience originating SBA loans for owners of... Read Story
March 31, 2017, 07:03 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


U.S. Bank ended the 2016 Small Business Administration (SBA) fiscal year on Sept. 30 with $838 million in SBA loan volume, an increase of 7.9 percent compared to fiscal 2015. The fifth-largest bank in the country, U.S. Bank maintained its rank as the... Read Story
October 07, 2016, 07:01 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


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


1st Source Bank has been awarded the Small Business Administration’s Community Lender Award for the third year in a row. The award recognizes 1st Source’s commitment to providing financial assistance to Indiana businesses. 1st Source was honored for... Read Story
December 11, 2015, 07:02 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


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


Merchant Cash and Capital announced that MCC has transformed into Bizfi, an online lending and aggregation platform. Due to the success of Bizfi.com, launched earlier this year, Merchant Cash and Capital is completing its operational and brand... Read Story
September 16, 2015, 07:14 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


Opus Bank announced that the Small Business Administration (“SBA”) has issued a “Green Light” letter inviting Opus to continue its application process to obtain a license to form and operate a Small Business Investment Company (“SBIC”).“The SBIC will... Read Story
August 31, 2015, 06:55 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


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


For the sixth straight year, Wells Fargo & Company is America’s top SBA lender in dollar volume, approving a record $1.6 billion in SBA 7(a) loans for small businesses in federal fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014). The company increased... Read Story
November 10, 2014, 06:58 AM


Square 1 Bank announced that Scott Coleman has joined the bank's small business lending group as vice president and business development officer. Based in Atlanta, Coleman will focus on business development efforts throughout Georgia and the greater... Read Story
August 14, 2014, 06:50 AM


Small business loan approval rates at big banks ($10 billion+ in assets) increased to a new high of 17.8% in January 2014, up from 17.6% in December 2013, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan... Read Story
February 13, 2014, 07:03 AM


The partners of 44 Business Capital LLC, Philadelphia's #1 SBA lender, announce that Phillip Martin of Wyncote, PA, has recently been hired as Senior Vice President and SBA Loan Officer for the Philadelphia market of 44 Business Capital. Martin has... Read Story
June 07, 2013, 10:00 AM


CFO.com reported the Small Business Administration has backed more small business loans thus far in 2013 compared with the same period in 2012. According to the article, as of May 4, the SBA had approved about 26,000 loans through its 7(a) program... Read Story
May 08, 2013, 06:57 AM


Small business loan approval rates at big banks ($10B+ in assets) in February 2013 increased to 15.9%, up from the 15.3% rate in January, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on... Read Story
March 13, 2013, 07:23 AM


Trinity SBIC Management, Inc. announced that Trinity Capital Fund II, LP (Trinity) received a license from the United States Small Business Administration (“SBA”) to operate as a Small Business Investment Company. This license gives Trinity access to... Read Story
November 09, 2012, 07:09 AM


Wells Fargo approved more than $548 million in SBA 7(a) loans nationwide in the first-half of federal fiscal year 2012 (Oct. 1, 2011, through March 31, 2012), and continues to provide more SBA loan dollars to America’s small businesses than any other... Read Story
May 18, 2012, 06:30 AM


Bankers Healthcare Group, Inc. celebrates a winning year in 2011 as they expand their menu of financing solutions to healthcare providers nationwide.Bankers Healthcare Group, Inc. (BHG) has spent more than two decades helping healthcare providers... Read Story
March 29, 2012, 07:00 AM


As SBA lending continues its return to pre-recession levels, now is a good time to consider SBA financing given the current rate environment, says Todd Harrington, Chief Sales Officer for CIT Bank -- Small Business Lending at CIT Group Inc. This... Read Story
March 05, 2012, 07:30 AM