SBA Honors Top Tennessee Lenders

Release Date: 
Monday, April 30, 2018
Release Number: 
TN 18-3
Contact: 
Christopher.mckeehan@sba.gov

SBA Honors Top Tennessee Lenders

 

Nashville,Tenn-The U.S. Small Business Administration (SBA)—the largest backer of loans to America’s small businesses—will  honor its top SBA lenders for federal fiscal year 2017 on May 2, 2018 , in a ceremony conducted during a luncheon event in Manchester, Tennessee.  The luncheon is being hosted by the South Central Business Development Company as part of the CDC’s annual lender’s conference. Eleven SBA lenders in 7 different categories will receive awards.

“We’re very pleased to honor these lenders for their partnership with SBA and their continuing contribution to the economic development of Tennessee by bringing much needed capital to small businesses,” noted LaTanya Channel, SBA Tennessee District Director.

During FY 2017, SBA placed $285 million into the hands of Tennessee small businesses, guarantying 515 loans. Fiscal year 2017 began October 1, 2016 and concluded on September 30, 2017.  Only with the efforts of SBA’s lending partners was this achievable.

 

The top winning lenders cover several different types of SBA loans including the 7(a) Guaranty Loan, 504, Community Advantage, and Microloan Programs.  This year’s award winners are as follows:

  • Lender of the Year

    Live Oak Bank, Wilmington, NC (Top Dollar; $24,889,000.00)

    US Bank, Cincinnati, OH (Top Volume; 66 Loans)

     

  • Community Lender of the Year

    Pinnacle Bank, Nashville, TN (Top Dollar; $16,007,600 & Top Volume; 18 Loans)

     

  • CDC of the Year

Areawide Development Corp., Alcoa, TN (Top Dollar; $3,306,000)

Volume Tied

Brightbridge, Inc., Chattanooga, TN (6 Loans)

Areawide Development Corp., Alcoa, TN (6 Loans)

 

 

  • Micro Lender of the Year    

Pathway Lending, Nashville, TN (Top Dollar; $661,300 & Top Volume; 30 Loans)

  • Community Advantage Lender of the Year

Brightbridge, Inc., Chattanooga, TN (Top Dollar; $1,569,800 & Volume; 11 Loans)

  • 504 1st Mortgage Lender of the Year

 Pinnacle Bank, Nashville, TN (Top Dollar; $2,769,645.00 & Volume; 4 loans)

  • Credit Union of the Year

                              Enright Credit Union, Nashville, TN (Top Dollar; $710,000.00)

                               UTFCU, Knoxville, TN (Top Volume; 3 Loans)

 

  • Resource Partner of the Year

    Most Loan Referrals – Tennessee Small Business Development Center, Jackson, TN

     

  • Advocate of the Year

    Superior Marketing of SBA 7(a) Loan Programs – Gary Griffin

    Superior Marketing of SBA 504  Loan Programs – Eddie Fitzgerald

 

”All of our SBA lenders in the state of Tennessee deserve recognition. They help SBA fulfill our mission. Also, we are always interested in working with Tennessee banks who may not have processed SBA loans but who see an opportunity to serve the small business community by offering SBA-guaranteed loans to Tennessee small businesses,” noted Channel. 

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The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012, has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build, and grow businesses. To learn more about SBA, visit www.sba.gov/tn.