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Birmingham District Office
801 Tom Martin Drive Suite #201
Birmingham, AL 35211
United States
Phone: 205-290-7101
Fax: 205-290-7404
Hours of Operation:
Monday through Friday from 8:00 AM to 4:30 PM
Local SBA Lending Continues to Rebound

Advisory Date: Friday, November 1, 2013
Release Date: Thursday, October 31, 2013
Release Number: 14-03
Contact: Melende Ward (559) 487-5791 x2709

Valley continues to see improvement in access to capital for entrepreneurs

 

Fresno – Loans made by local lenders and banks and guaranteed by the Fresno District office of the U.S. Small Business Administration to small businesses and entrepreneurs continued to rebound in fiscal year 2013 which just ended on September 30th.  The local SBA District Office services the 15 counties of Central California from the sierras to the pacific coast. 

 

In fiscal year 2013, the Fresno District Office saw an increase in total lending dollars when compared to the previous year supporting more than $283 million in total lending to small businesses, compared to more than $266 million in fiscal year 2012.  This resulted in the highest dollar volume posted by the Fresno SBA office since the recession began

 

SBA approved 109 504 loans during FY-2013, which provided small businesses with long-term, fixed-rate financing to acquire real estate and major fixed assets, for a total of $71.9 million.

 

"These loans demonstrate our continuing partnership with local lenders and collaboration with our vast business development network in meeting the unique financing needs of small businesses in all parts of our jurisdiction.  However, there is still work to do.  Each SBA lender, business development partner and SBA itself know the continuing challenges when it comes to getting loans in these difficult times, and that’s why it is important that SBA continues to work together with our lenders to facilitate lending to small businesses," said Fresno District Director Carlos G. Mendoza.

 

For more information about these and other SBA programs, visit the website at www.sba.gov/ca/fresno or contact the Fresno SBA District Office at (559) 487-5791.  The top ten most active participating SBA lenders for the Fresno District Office, the top five most active Certified Development Corporations (CDC) and the top ten most active counties for fiscal year 2013 were:

  

Top 10 Counties Loan Activity (7a and 504)

by Number of Loans *

County

# of Loans

$ Value

1.  Fresno

149

$64.0

2.  Kern

105

$44.5

3.  San Luis Obispo

97

$35.6

4.  Monterey

61

$34.6

5.  Tulare

58

$32.3

6.  Merced

29

$21.4

7.  Stanislaus

26

$17.5

8.  Madera

20

$15.1

9.  Kings

9

$5.6

10.  Tuolumne

8

$7.3

 
 

 

Top 10 7a Lender Loan Activity

by Number of Loans *

Lender

# of Loans

$ Value

1.  JPMorgan Chase Bank NA

48

$3.4

2.  Wells Fargo Bank NA

41

$20.8

3.  Fresno First Bank

35

$14.1

4.  Coast National Bank

34

$12.9

5.  Central Valley Community Bank

24

$2.5

6.  Premier Valley Bank

22

$9.1

7.  Monterey County Bank

20

$6.8

8.  Sterling Savings Bank

19

$15.3

9.  Compass Bank

19

$2.0

10.  U.S. Bank NA

11

$4.6

 
 

Top 5 504 Certified Development Corp Loan Activity

by Number of Loans *

Lender

# of Loans

$ Value

1. Mid State Development Corp

34

$17.2

2. Cen Cal Bus Finance Group

16

$10.0

3. Bay Area Employment Development Co

13

$12.1

4. Certified Development Corp-Tulare

9

$6.0

5. California Statewide Certified Development Co

9

$4.8

 
 

 

Top 10 7a Lender Loan Activity

by Dollar Amount (rounded millions) **

Lender

$ Value

# of Loans

1.  Wells Fargo Bank

$20.8

41

2.  Sterling Savings Bank

$15.3

19

3.  Fresno First Bank

$14.1

35

4.  Coast National Bank

$12.9

34

5.  Open Bank

$10.5

9

6.  Santa Cruz County Bank

$10.3

9

7.  Live Oak Banking Company

$9.7

9

8.  Premier Valley Bank

$9.1

22

9.  Monterey County Bank

$6.8

20

10.  Seacoast Commerce Bank

$6.5

9

 
 

Top 5 504 Certified Development Corp Loan Activity

by Dollar Amount (rounded millions) **

Lender

$ Value

# of Loans

1.  Mid State Development Corp

$17.2

34

2.  Bay Area Employment Development Co

$12.1

13

3.  Cen Cal Business Finance Group

$10.0

16

4.  Mortgage Capital Development. Corp

$8.8

8

5.  CDC Small Business Finance Corp

$6.3

5

 
 
 

*Ranked by Number of Loans Source:  U. S. Small Business Administration 10-28-13

** Ranked by Dollar Amount of Loans Source:  U. S. Small Business Administration 10-28-13  

 
 

 

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