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News Stories (19 Results) - SBA 7(a)

ELFA President and CEO Ralph Petta submitted a letter on March 28 to the U.S. Small Business Administration requesting that equipment finance companies be eligible to participate in the new Paycheck Protection Program under the CARES Act.The Paycheck... Read Story
March 31, 2020, 07:12 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

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

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

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

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

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

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

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

In a press release, Huntington Bank announced it has climbed to the top spot in the country with the highest number of Small Business Administration (SBA) 7(a) loans for the first half of the SBA's fiscal year ending March 31. The ranking is... Read Story
April 16, 2014, 07:23 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

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