RANK Lender # Loans $ Amount Average Loan Size 1 Mountain America FCU (UT) 139 $41,157,600 $296,098 2 America First FCU (UT) 31 $32,141,100 $1,036,810 3 Central Bank (UT) 75 $30,841,600 $411,221 4 Zions Bank, A Division of (UT) 95 $24,771,800 $260,756 5 Live Oak Banking Company (NC) 16 $24,100,000 $1,506,250 6 Community Banks of…

What the Lender and Borrower Need to Know in Completing the 7-Page Form Attend the Live Webinar EventWednesday, January 17, 20242:00 PM Eastern75-minute training with e-certification With the elimination of SBA form 1920, the SBA 7(a) Borrower Information form 1919 is a very critical factor in the underwriting, approval and closing of the 7(a) loan.…

SBA revised and renewed SBA Form 1919, “SBA 7(a) Borrower Information Form”; and SBA Form 2237, “7(a) Post-Approval Action Checklist”. SBA renewed without revision SBA Form 1971, “Religious Eligibility Worksheet”. SBAeliminated SBA Form 1920, “Lender’s Application for Loan Guaranty”; and is replacing SBAForm 2449, “Community Advantage Addendum (7(a) Pilot Program)” with the new SBA Form3518,…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 25 $40,173,800 $1,606,952 2 The Huntington National Bank (OH) 92 $28,458,000 $309,326 3 Newtek Small Business Finance, Inc. (NY) 26 $14,912,500 $573,558 4 Newtek Bank, National Association (FL) 21 $13,782,500 $656,310 5 First Bank of the Lake (MO) 8 $13,304,100…

RANK Lender # Loans $ Amount Average Loan Size 1 First Bank & Trust (SD) 14 $15,963,900 $1,140,279 2 Byline Bank (IL) 2 $7,705,000 $3,852,500 3 First Interstate Bank (MT) 18 $5,417,400 $300,967 4 Black Hills FCU (SD) 27 $4,614,200 $170,896 5 Enterprise Bank & Trust (MO) 1 $3,071,000 $3,071,000 6 GBC International Bank (CA)…

A Georgia attorney and former City of Atlanta police officer was convicted of fraudulently obtaining over $7 million in PPP loans last week.  Shelitha Robertson submitted PPP loan applications on four businesses she owned. The applications consisted of photoshopped false tax returns and employment records. Her defense that she was duped by former friend and…

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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…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 29 $44,210,300 $1,524,493 2 Pinnacle Bank (SC) 25 $25,642,700 $1,025,708 3 SouthState Bank, National Association (FL) 42 $20,273,700 $482,707 4 United Community Bank (SC) 20 $19,160,000 $958,000 5 GBank (NV) 7 $18,850,000 $2,692,857 6 TD Bank, National Association (DE) 121…

RANK Lender # Loans $ Amount Average Loan Size 1 Bristol County Savings Bank (MA) 13 $6,599,800 $507,677 2 Citizens Bank, National Association (RI) 6 $6,060,300 $1,010,050 3 HarborOne Bank (MA) 21 $6,030,000 $287,143 4 Bank Rhode Island (RI) 20 $4,878,500 $243,925 5 Berkshire Bank (MA) 2 $4,727,000 $2,363,500 6 Live Oak Banking Company (NC)…