January 13, 2015
By Bob Coleman
Editor, C-Suite Wednesday
C Suite Wednesday — 46% of Largest Banks Make No SBA 7(a) Loans
In Florida, reports the the South Florida Business Journal.
Coleman Report readers know I love stats. So, I wanted to get more behind the numbers of SBA 7(a) loan activity.
I believe a better indication of analyzing SBA 7(a) lender loan participation is examining loan volume.
For SBA’s fiscal year ending September 30th, 2,245 lenders approved a SBA 7(a) loan.
BUT, almost 1,000 lenders approved only one or two SBA 7(a) loans.
1,331 lenders approved less than five 7(a) loans.
Only 13 SBA 7(a) approvals are required to rank in the 2015 Coleman Report 500.
For context, loan concentration is the key. The top SBA 7(a) lenders approved 33% of all loans by number count — 22% by loan volume last year.
The 2015 Coleman Report 500 is distributed to all Coleman Report premium members as part of their annual subscription.
The Coleman Report 500 may be purchased for $295 here.