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News Stories (39 Results) - SBA Lending News

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital... Read Story
January 11, 2021, 07:18 AM

Huntington is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the third consecutive year at the close of SBA fiscal year 2020, further strengthening its position as the leader in supporting small... Read Story
October 09, 2020, 07:10 AM

LCA Bank Corporation (LCAB) continues its momentum to assist small business requiring PPP support.  On May 20, LCAB was chosen to participate in an evening call-in event for minority entrepreneurs from Dallas, TX, all the way to Richmond, VA. The... Read Story
May 27, 2020, 07:15 AM

Amur Equipment Finance, Inc. (AmurEF), a nationally ranked Top Five independent equipment finance company, announced it has been approved by the U.S. Small Business Administration (SBA) to serve as a lender under the Paycheck Protection Program (PPP)... Read Story
May 13, 2020, 07:20 AM

Crestmark is pleased to announce they have funded more than $215 million for small businesses through the Paycheck Protection Program (PPP), part of the SBA CARES stimulus package. More than 670 small businesses were funded by Crestmark as part of... Read Story
May 08, 2020, 07:20 AM

OnDeck announced it has been approved by the U.S. Small Business Administration (SBA) to provide Paycheck Protection Program loans. "OnDeck's mission has always been to promote the growth and success of underserved small businesses by providing fast... Read Story
April 16, 2020, 07:00 AM

OnDeck announced it is partnering with a top SBA lender to serve small business owners seeking funding under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP).  “OnDeck recognizes that operating a small business during the... Read Story
April 14, 2020, 07:15 AM

The U.S. Small Business Administration announced FY19 lending numbers showing it guaranteed over $28 billion to entrepreneurs that otherwise would not have access to capital to start, grow or expand their small businesses.SBA's flagship 7(a) loan... Read Story
October 15, 2019, 07:00 AM

KeyBank ranked 11th nationally for the Small Business Administration's (SBA) Fiscal Year 2019. KeyBank extended $311 million in approved 7(a) dollars over the course of the year. Since 2015, KeyBank has provided more than $1.3 billion in... Read Story
October 11, 2019, 07:20 AM

For the second year in a row, Huntington Bank is the nation's largest originator by volume of Small Business Administration (SBA) 7(a) loans based on figures at the close of SBA fiscal year 2019. This also marks the 11th consecutive year Huntington... Read Story
October 07, 2019, 07:10 AM

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

Fountainhead Small Business Finance LLC announced Michael Bland has joined the company as Chief Operating Officer.The company offers U.S. Small Business Administration (SBA) 7(a) Program loans to small business owners for working capital, business... Read Story
March 26, 2019, 07:10 AM

Bankers Healthcare Group, a leading provider of financial solutions for healthcare professionals, expanded into small business lending with a new license to offer loans from the U.S. Small Business Administration through BHG's wholly owned subsidiary... Read Story
November 26, 2018, 07:15 AM

Huntington Bank is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans at the close of SBA fiscal year 2018. This also marks the 10th year in a row Huntington has been the largest originator, by volume, of... Read Story
October 04, 2018, 07:23 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

44 Business Capital, a Division of Berkshire Bank announced the hiring of Jason Zemke of Columbus, Ohio as First Vice President, SBA Lending for the Columbus, Cleveland and Cincinnati, Ohio market. As an established and recognized professional in the... Read Story
July 19, 2017, 07:08 AM

NonBank Lender, a Stonebriar Commercial Finance company, provided $14.4 million of real estate purchase and improvement financing utilizing the SBA's 504 Loan Program. Days after its acquisition by Stonebriar Commercial Finance, NonBank Lender... Read Story
June 15, 2017, 07:02 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

On the heels of a successful first year since acquiring one of the nation’s largest providers of Small Business Administration loans, BankUnited Small Business Finance announced it has expanded into Washington, Ohio and Wisconsin, while also... Read Story
July 18, 2016, 07:00 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

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

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

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

Today, administrator Maria Contreras-Sweet announced that the Small Business Administration (SBA) would launch a first of its kind tool on the federal agency's website that will allow entrepreneurs looking for a small business loan to get matched... Read Story
February 12, 2015, 07:10 AM

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... Read Story
December 10, 2014, 06:54 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

44 Business Capital recently assisted on a variety of deals this summer including an SBA loan for $1,900,000 for MJF Materials of Lindenwold, NJ. This deal allowed the specialty trucking company to go green by purchasing 10 new Compressed Natural Gas... Read Story
September 26, 2014, 07:06 AM 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

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

The U.S. Small Business Administration (SBA) has once again recognized Huntington as the No. 3 lender in the nation for number of SBA 7(a) loans (which the bank had held for five consecutive quarters), and for the first time ever, for overall dollar... Read Story
May 10, 2012, 06:30 AM