SBA DFW District Office Honors 2014 Top Lenders As 2015 First Quarter Loans Are Up

SBA DFW District Office Honors 2014 Top Lenders As 2015 First Quarter Loans Are Up

FORTH WORTH, TX— The U.S. Small Business Administration (SBA) Dallas/Fort Worth District Office will recognize 15 area lenders for their success in providing access to capital for small businesses during  an annual Lender Awards Ceremony at the Las Colinas Country Club on  January 21st. SBA Regional Administrator Yolanda Garcia Olivarez will key note the event.  Olivarez heads delivery of SBA loan programs in the South Central Region which includes Texas, Arkansas, Louisiana, New Mexico and Oklahoma.

 

“SBA loans in the Dallas/Fort Worth area are up for the third fiscal year in a row with nearly a billion in lending in fiscal 2014,” said Olivarez. “This success is only possible with the commitment of our lenders who play an important role,  as it is through them that SBA financial assistance is channeled to our community  small businesses.”

 

The award ceremony is in conjunction with the annual business meeting of the North Texas Association of Government Guaranteed Lenders (NTAGGL).

 

This ceremony comes as first quarter loans dollars and numbers of loans are up in the DFW district. The district approved 434 loans for $207,496 million from October 1st to December 31st. This represents a significant increase of 28.8% in dollars and 33.1% in number of loans compared to the same period last year. “As unemployment falls and the economy grows, small businesses lending across the country is recovering” said Herbert Austin, SBA’s DFW District Director.

 

The top SBA lenders being honored next Wednesday were the top lenders across 72 Texas counties that the DFW district covers. “These lenders will be recognized for their great work in helping small businesses receive the financing needed to expand their firms, which creates jobs and strengthens our economy” said Austin.

 

The following are the lenders being honored:

 

PINNACLE AWARDS 2014

Wells Fargo Bank

#1 in 7(a) Lending in Dollars

Approved $71.7 million in 7(a) lending

 

BBVA Compass   Bank

#1 in SBA Lending in units

Approved 348 loans

 

Greater East Texas  CDC

#1 in 504 lending in Units and Dollars

Approved $35.3 million in 504 lending

 

Bank of the West

#1 in SBA lending in Small Bank Category

Approved $29.2 million

 

PLATINUM AWARD 2014

 

Live Oak Banking Company

Approved $47.6 million

 

J.P Morgan Chase Bank

Approved $41.2 million in 7(a) lending

 

 

GOLD AWARDS 2014

Commonwealth Business Bank

Approved $30.6 Million

 

SILVER AWARDS 2014

Independent Bank of Texas

Approved $27.3 million

 

Certus Bank National Association

Approved $24.2 million

 

Comerica Bank

Approved $22.8 million

 

North Texas CDC

Approved $20.5 million

 

 

SPECIAL ACHIEVEMENT AWARD 2014

Highest Percentage of loans to Minority and Women and Veterans owned firms

BBVA Compass Bank

 

Top First Mortgage Lender

  1. P. Morgan Chase Bank

 

Approved 10 deals for $9.3 million

 

 

Most Significant Increase in lending – Large Bank Category

Regions Bank

From $6.3 million in 2013 to $14.4 million in 2014

 

 

Most Significant Increase in lending – Small Bank Category

Access Bank

From $997,800 in 2013 to $6.7 million in 2014

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