The Huntington National Bank Tops Pennsylvania SBA 7(a) 2023 Lender Rankings
RANK Lender # Loans $ Amount Average Loan Size 1 The Huntington National Bank (OH) 324 $62,386,300 $192,550 2 Meridian Bank (PA) 71 $54,627,000 $769,394 3 Wilmington Savings Fund Society, FSB (DE) 45 $42,383,400 $941,853 4 Live Oak Banking Company (NC) 25 $38,550,000 $1,542,000 5 Fulton Bank, National Association (PA) 35 $35,698,500 $1,019,957 6 First…
Read MoreSalim Pirbhai Joins Harvest SBF as Vice President, BDO
Says Marketing Director Tyler Massas, “Salim Pirbhai is a seasoned entrepreneur and business leader with 28 years of success in the United States. Originally from London, Salim’s entrepreneurial journey began with a furniture store in South London, sparking his passion for business and financing. “For 24 years, Salim thrived in the automotive industry, excelling in…
Read MoreDalisa McNally Joins Harvest as Vice President, BDO
Says Marketing Director Tyler Massas, “Dalisa, a Fort Worth native, developed a strong work ethic from a young age, starting her career at 16 in her family’s real estate offices. Recognizing the crucial role of real estate in the economy, she transitioned to the finance side, accumulating 30 years of experience in banking, including roles…
Read MoreOregon FY 2023 SBA 7(a) Lender Rankings Topped by Live Oak, Umpqua Bank
RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 26 $45,545,000 $1,751,731 2 Summit Bank (OR) 22 $37,244,600 $1,692,936 3 Umpqua Bank (CA) 139 $34,820,200 $250,505 4 Banc of California (CA) 15 $20,952,800 $1,396,853 5 U.S. Bank, National Association (OH) 104 $17,762,300 $170,791 6 Wells Fargo Bank, National Association…
Read MoreAre You Ready for your 2024 SBA Loan Audit? — Webinar Wed., January 10
How to Use the New Etran Screens to Improve your PARRiS Score Attend the Live Webinar EventWednesday, January 10, 20242:00 PM Eastern75-minute training with e-certification Single Site LicenseThe single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room…
Read MoreSmall Business Credit Card Debt is Rising Says B of A
More small businesses appear to have been using credit cards as a source of financing this year, with an increasing portion of balances carrying interest as financial pressures build. The average Bank of America small business credit card balance rose throughout the year, but the degree of increase varies across business revenue tiers. For those…
Read MoreBancFirst is Oklahoma’s Top SBA 7(a) Lender in FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 BancFirst (OK) 82 $38,213,500 $466,018 2 Live Oak Banking Company (NC) 16 $19,130,000 $1,195,625 3 Newtek Small Business Finance, Inc. (NY) 7 $15,066,000 $2,152,286 4 Arvest Bank (AR) 37 $8,643,800 $233,616 5 Security Bank (OK) 13 $8,345,000 $641,923 6 Readycap Lending, LLC (NJ) 9 $7,688,500…
Read MoreAlternative Lenders Number One Source of Small Business Credit
Says Bank of American Institute in its December 2023 small business newsletter. With the rapid increase of interest rates and regional US bank failures earlier in the year, there has been a meaningful tightening of credit conditions. As shown by the Senior Loan Officer Opinion Survey (SLOOS), the net percentage of surveyed banks that were…
Read MoreThe Huntington National Bank #1 Ohio SBA 7(a) Lender — Complete State Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 The Huntington National Bank (OH) 2,341 $327,153,600 $139,750 2 First Commonwealth Bank (PA) 55 $49,709,900 $903,816 3 Live Oak Banking Company (NC) 41 $48,890,200 $1,192,444 4 KeyBank National Association (OH) 169 $41,430,600 $245,151 5 Fifth Third Bank (OH) 48 $26,993,000 $562,354 6 Home Loan Investment…
Read MoreSmall Business Loan Volume, Delinquencies, Defaults all Increasing Says Paynet
Equifax’ small business loan data company Paynet October report predicts a further deterioration of small business lending credit loan portfolios. SBLI — Small Business Lending Index Tracks the number of new loans and leasers that are issued to small businesses in the past 30 days SBDI — Small Business Delinquency Index Tracks commercial debt that…
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