Texas SBA 7(a) Lender Rankings for FY 2023

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 121 $207,203,900 $1,712,429 2 Wallis Bank (TX) 80 $138,772,200 $1,734,653 3 The Huntington National Bank (OH) 388 $99,083,000 $255,369 4 Newtek Small Business Finance, Inc. (NY) 121 $81,986,100 $677,571 5 Readycap Lending, LLC (NJ) 108 $76,724,800 $710,415 6 First Internet…

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The New SBA 504 Loan Refinance Rules

On October 12, 2023, the Federal Register revealed that SBA is making changes that were created in the interim final rule published on July 29, 2021, permanent. This modifies requirements for refinancing debt in the 504 loan program. It is important to review both the new, permanent changes and the existing rules for the program.…

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Alaska SBA 7(a) Lender Rankings for FY 2023

RANK Lender # Loans $ Amount Average Loan Size 1 Alaska Growth Capital BIDCO, Inc. (AK) 15 $15,304,100 $1,020,273 2 Northrim Bank (AK) 14 $11,321,000 $808,643 3 Readycap Lending, LLC (NJ) 2 $5,591,000 $2,795,500 4 KeyBank National Association (OH) 12 $5,244,700 $437,058 5 Newtek Small Business Finance, Inc. (NY) 7 $4,808,000 $686,857 6 Live Oak…

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NADCO 2023 Third Party Lender Awards

Bank Five NineCommunity Bank 504 Lender of the YearAwarded to the most active 504 bank partner with less than $10 billion in assets Zions BankRegional Bank 504 Lender Of The YearAwarded to the most active 504 bank partner with between $10 billion and $100 billion in assets First Citizens BankSuper Regional Bank 504 Lender Of…

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California SBA 7(a) Lenders FY 2023

RANK Lender # SBA 7(a) Loans Approved $ SBA 7(a) Loans Amount Approved Average Loan Size 1 Live Oak Banking Company (NC) 153 $221,482,600 $1,447,599 2 U.S. Bank, National Association (OH) 695 $193,969,500 $279,093 3 Newtek Small Business Finance, Inc. (NY) 190 $151,775,100 $798,816 4 Harvest Small Business Finance, LLC (CA) 118 $146,309,800 $1,239,914 5…

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New Email and Processing Tips to Resolve Error 4363 for Existing SBA Loans

Many lenders and borrowers are complaining their SBA loan applications are lying in a black hole with Etran 4363 processing compliance codes errors.Most can be resolved with additional information. However, clearing error codes about existing SBA loans is problematic  SBA is generally prohibited from sharing details about compliance issues on existing SBA loans directly with…

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