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News Stories (17 Results) - Small Buiness Administration

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

The Bancorp, Inc. announced Ashley Olejnik has joined the Small Business Lending team as Vice President, SBA Business Development Officer. She supports small business owners regionally and nationally across a range of industries by providing Small... Read Story
January 30, 2019, 07:02 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

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

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp announced that it is now participating in the California State Small Business Loan Guarantee Program (“SBLGP”), as part of the Bank’s efforts to expand the amount of... Read Story
January 29, 2016, 07:00 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

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

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

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

Crestmark announced the expansion of their SBA loan products with the creation of a division focused entirely on national SBA finance. Crestmark has been offering SBA loans as a compliment to their core client base of small- to medium-sized... Read Story
May 02, 2014, 07:03 AM

Unusually harsh winter weather didn't slow small business growth in February as demand for lending and financing increased 9.7 percent over January, according to the Small Business Lending Index released by Direct Capital, a leading national small... Read Story
March 12, 2014, 06:55 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 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