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Hawaii District Office
500 Ala Moana Blvd. Suite 1-306
Honolulu, HI 96813
United States
Phone: 808-541-2990
Fax: 808-541-2976
Hours of Operation:
Monday through Friday from 8:00 AM to 4:30 PM
Local SBA Lending Continues to Rebound in FY 2012-Lender Loan Listing

Advisory Date: Friday, October 12, 2012
Release Date: Tuesday, October 9, 2012
Release Number: 13-01
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 2012 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 2012, the Fresno District Office saw an increase in lending dollars when compared to the previously year supporting more than $266 million in lending to small businesses, compared to more than $254 in fiscal year 2011.  This resulted in the highest dollar volume posted by the Fresno SBA office since the recession began.  Reflecting national trends 504 loan activity was strong in fiscal year 2012 with 149 loans supporting $98.9 million as compared to 104 loans supporting $51.5 million in 2011.

"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 2012 were:

 

Top 10 Lender Loan Activity by #*  Fresno District FY 2012 (10-1-11 to 9-30-12)

Lender

# of Loans

$ Value (rounded millions)

1. Wells Fargo Bank

50

$15.5

2. JPMorgan Chase Bank

41

$5.1

3. Bank of the Sierra

22

$7.7

4. Borrego Springs Bank

19

$10.4

5. Monterey County Bank

19

$9.9

6. Coast National Bank

17

$6.4

7. Fresno First Bank

17

$4.8

8. Founders Community Bank

15

$3.1

9. Compass Bank

15

$1.4

10. Live Oak Banking Co

12

$12.7

Top 10 Lender Loan Activity by $**  Fresno District FY 2012 (10-1-11 to 9-30-12)

Lender

# of Loans

$ Value (rounded millions)

1. Wells Fargo Bank

50

$15.5

2. Live Oak Banking Co

12

$12.7

3. Hanmi Bank

6

$12.0

4. Borrego Springs Bank

19

$10.4

5. Monterey County Bank

19

$9.9

6. Bank of the Sierra

22

$7.7

7. Premier Valley Bank

11

$7.5

8. Pan Pacific Bank

2

$7.4

9. Coast National Bank

17

$6.4

10. JPMorgan Chase Bank

41

$5.1

Top 5 Cert Dev Corp Activity by #* Fresno District FY 2012 (10-1-11 to 9-30-12)

Lender

# of Loans

$ Value (rounded millions)

1. Mid State Devel. Corp

29

$17.0

2. Cen Cal Bus Finance Group

20

$11.6

3.EDF Resource Capital Inc

17

$16.9

3. Certified Dev Corp-Tulare

17

$6.0

4. Bay Area Dev Co

14

$7.8

Top 5 Cert Dev Corp Activity by $** Fresno District FY 2012 (10-1-11 to 9-30-12)

Lender

# of Loans

$ Value (rounded millions)

1. Mid State Devel. Corp

29

$17.0

2.EDF Resource Capital Inc

17

$16.9

3. Cen Cal Bus Finance Group

20

$11.6

4. Mortgage Cap. Devel Corp

6

$9.0

5. CDC Small Bus. Finance Corp

11

$8.8

Top 10 County Lending Totals* Fresno District FY 2012 (10-1-11 to 9-30-12)

County

# of Loans

$ Value (rounded millions)

1. Fresno

102

$42.1

2. Kern

89

$55.8

3. San Luis Obispo

84

$28.7

4. Monterey

78

$60.8

5. Tulare

66

$20.8

6. Stanislaus

57

$22.8

7. Merced

25

$14.9

8. Madera

13

$4.3

9.Kings

8

$2.6

10. Tuolumne

7

$3.9

 

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