Indiana State 7(a) Lenders Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 The Huntington National Bank (OH) 315 $58,025,500 $184,208 2 Live Oak Banking Company (NC) 26 $31,031,000 $1,193,500 3 Old National Bank (IN) 31 $27,342,300 $882,010 4 Centier Bank (IN) 58 $25,197,100 $434,433 5 Merchants Bank of Indiana (IN) 29 $22,570,400 $778,290 6 First Internet Bank…
Read MoreVets Own 2 Million Small Businesses, Employ 5.5 Million
SBA says veterans own 1,955,191 businesses and employ 5,450,860 Americans. Source: SBA Office of Advocacy, November 2023
Read MoreFraud Friday – President and Controller of Southern Pine Credit Union Plead Guilty to Fraud
November 10, 2023 Delaney SextonContributing Editor Fraud Friday – President and Controller of Southern Pine Credit Union Plead Guilty to Fraud “As leaders of this credit union, the defendants knowingly put their members—local paper mill employees and their families—at great risk with their complex schemes to enrich themselves,” says U.S. Attorney Peter D. Leary. “I…
Read MoreColeman Report Live! Moves to Teams Monday, November 13
Beginning Monday, November 13, you will have two options to view Coleman Report Live! Monday and Friday at 1 pm Eastern at no charge. Additional YouTube videos will be posted every Tuesday, Wednesday and Thursday at 1 pm. We will be able to earn advertising revenue off the YouTube channel once we hit 1,000 subscribers.…
Read MoreMinnesota SBA 7(a) Lender Rankings for 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Frandsen Bank & Trust (MN) 53 $32,125,500 $606,142 2 First Bank & Trust (SD) 24 $32,102,800 $1,337,617 3 BankVista (MN) 97 $30,856,400 $318,107 4 The Huntington National Bank (OH) 144 $28,125,000 $195,313 5 Bremer Bank, National Association (MN) 29 $26,731,600 $921,779 6 U.S. Bank, National…
Read MoreMinnesota’s New $10 Million Small Business Loan Fund Seeks Non-Profit Lending Partners
by Bob ColemanPublisher The Minnesota Expanding Opportunity Fund is Administered by the Department of Employment and Economic Development or DEED DEED’s $10 million Expanding Opportunity Fund will “support entrepreneurs who have struggled to access capital through traditional bank loans. The fund is designed to support historically under-funded small businesses operated by women, people of color,…
Read MoreTMC Financing Promotes Gregg Mitchell, Adds LaKisha Gant
by Bob ColemanPublisher The nation’s largest SBA 504 lender announces key enhancements to its back room. Gregg Mitchell, Executive Vice President of Loan Operations Since joining TMC Financing in April 2020, Gregg has played a pivotal role in driving the company’s exceptional growth, resulting in a doubling of its loan volume. Under Gregg’s leadership, TMC’s…
Read MoreIllinois SBA 7(a) Lender Rankings for FY 2023
1 Byline Bank (IL) 99 $138,557,000 $1,399,566 2 The Huntington National Bank (OH) 534 $96,116,500 $179,993 3 Millennium Bank (IL) 13 $37,987,700 $2,922,131 4 Live Oak Banking Company (NC) 29 $35,498,500 $1,224,086 5 Village Bank and Trust, National Association (IL) 43 $29,152,400 $677,963 6 Merchants Bank of Indiana (IN) 15 $28,380,200 $1,892,013 7 Newtek Small…
Read MoreIdaho SBA 7(a) Lender Rankings for FY 2023
1 Idaho Central CU (ID) 38 $26,762,000 $704,263 2 Umpqua Bank (OR) 18 $14,607,900 $811,550 3 Live Oak Banking Company (NC) 8 $12,223,000 $1,527,875 4 Mountain America FCU (UT) 22 $11,064,900 $502,950 5 Zions Bank, A Division of (UT) 43 $9,638,400 $224,149 6 Bank of Idaho (ID) 16 $9,238,000 $577,375 7 Washington Trust Bank (WA)…
Read MoreICBA Says No to New SBLC Licenses
by Bob Coleman Publisher Don’t count the Independent Community Bankers Association as fans of the three new SBLC licenses. Says President and CEO Rebecca Rainey: “The SBA’s decision to extend new 7(a) Small Business Lending Company licenses risks undermining this vital program and the borrowers who rely on it. “Community bank participation in the 7(a)…
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