RANK Lender # Loans $ Amount Average Loan Size 1 TD Bank, National Association (DE) 109 $10,680,600 $97,987 2 Enterprise Bank and Trust Company (MA) 16 $10,016,100 $626,006 3 Readycap Lending, LLC (NJ) 5 $7,463,300 $1,492,660 4 The Fidelity Bank (NC) 1 $4,450,000 $4,450,000 5 Bangor Savings Bank (ME) 18 $4,262,400 $236,800 6 Primary Bank…

Monday December 4th, Judge R. Gary Klausner granted California’s Department of Financial Protection and Innovation’s Motion for Summary Judgment in a lawsuit challenging the DPFI’s small business financing disclosure regulations. SB 1235 (Glazer) requires lenders to disclose key metrics to small businesses to  including the amount of funding provided, APR , finance charge, and payment…

“We are incredibly grateful for how Paul has built and grown our SBA lending department since joining Countybank in May 2017,” says R. Thornwell Dunlap III, President and CEO of Countybank.  Ken Harper, Countybank’s Chief Banking Officer, adds, “We appreciate all the ways Paul made our organization better. His enthusiasm and work ethic have been…

“We are thrilled to expand our product offerings for small businesses and entrepreneurs,” says Travis C. Rouse, Chief of Sales and Lending for M&F Bank.  “Serving as an SBA preferred lender allows us to quickly execute loans for worthy businesses while still providing the same top-notch service our customers have come to expect. This designation…

RANK Lender # Loans $ Amount Average Loan Size 1 First State Bank Nebraska (NE) 33 $15,048,800 $456,024 2 Union Bank and Trust Company (NE) 36 $12,986,700 $360,742 3 Wells Fargo Bank, National Association (SD) 10 $6,133,300 $613,330 4 BMO Bank National Association (WI) 4 $4,423,900 $1,105,975 5 First Internet Bank of Indiana (IN) 3…

Youtube Live Streaming Link Microsoft Teams Link Host: Bob Coleman Co-Host: Lance Sexton Guests: John Reosti, American Banker Brett Caines, Lumos Data

“I applaud the House for passing S.J.Res.32 condemning the CFPB’s relentless attack on Main Street America. Small businesses are the backbone of the American economy, and it is crucial that they can access affordable credit to support and grow our communities. During a time where small businesses are facing crushing inflation and increasing borrowing costs,…

The Preferred Lender designation from the SBA provides another avenue for the Bank to serve a broader range of businesses throughout our footprint,” says Andrew Peden, SEVP, Chief Banking Officer. “Along with receiving the expedited service the program provides, customers will have access to a full range of business banking services and our expert team…

“I am extremely grateful for my colleagues’ support for my legislation to implement a common sense requirement to protect the integrity of SBA lending programs,” says Chairman Roger Williams.  “No one who has been convicted of defrauding the pandemic lending programs should ever be given the opportunity to access future financial assistance programs.  “There’s much…