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Main Street Monday — Greater Nevada CU and West Town Bank & Trust Top USDA B&I Lending for 2016

January 30, 2017

By Bob Coleman
Editor, Main Street Monday

Main Street Monday — Greater Nevada CU and West Town Bank & Trust Top USDA B&I Lending for 2016

Many of you know I am an unabashed fanboy for the Department of Agriculture business and industry lending program getting capital to Rural America’s Main Street.

This small business lending program is an excellent product niche, particularly for SBA lenders who understand the opportunities and traps of participating in government guaranteed lending programs.

I would encourage all of you to meet with your state directors (they control the initial loan application process) and determine how you can best utilize this great loan program for your rural-based small business customers.

Oh, the numbers.

Greater Nevada Credit Union approved 17 loans for $120 million last year.

West Town Bank and Trust (North Carolina approved the most loans last year, 18 for $62 million.

Rank Lender State Lender Name Loan Amount
1 NV GREATER NEVADA CREDIT UNION $120,444,000
2 NC WEST TOWN BANK AND TRUST $61,930,867
3 NC LIVE OAK BANKING COMPANY $38,802,701
4 FL HOMEBANC, N.A. $35,120,000
5 IA CEDAR RAPIDS BANK & TRUST CO. $34,200,000
6 GA NORTH AVENUE CAPITAL, LLC $33,417,000
7 GA TOUCHMARK NATIONAL BANK $32,267,647
8 MN STEARNS BANK N.A. $29,000,000
9 TX SOVEREIGN BANK $26,926,250
10 AR HEARTLAND BANK $24,000,000



Rank Lender Name # of Loans
1 WEST TOWN BANK AND TRUST 18
2 GREATER NEVADA CREDIT UNION 17
3 LIVE OAK BANKING COMPANY 12
4 HOMEBANC, N.A. 11
5 AMERISTATE BANK 8
6 OLD WEST FEDERAL CREDIT UNION 6
7 THE CECILIAN BANK 6
8 TOUCHMARK NATIONAL BANK 6
9 FIRST SOUTHWEST BANK 5
10 FIRST UTAH BANK 5




View the list of all B&I and CF lenders here

Read more about USDA B&I lending here.

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