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SunTrust Among Top SBA Lenders

December 10, 2014, 06:54 AM
Filed Under: SBA Lending News

The U.S. Small Business Administration (SBA) has named SunTrust Bank a top ten 7(a) lender by dollar volume in fiscal year 2014 (Oct.1-Sept. 30). In just one year, SunTrust rose from number 15 to 10 in the SBA ranking with more than $253.6 million in total approved dollars, a 45 percent year-over-year increase in dollar volume and 61 percent increase in loans provided to small businesses. 

"Helping small business owners secure the financing necessary to succeed underscores our purpose of 'Lighting the Way to Financial Well-Being.' Their success positively benefits their employees and families as well the communities we serve," said Jeff Nager, senior vice president and SBA Manager for SunTrust. "We are pleased to be ranked a top lender and will continue to ramp up our SBA lending program to help small businesses grow and prosper."

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