MultiFunding Releases Its Annual Ranking of the Most Committed SBA Lenders

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Jennifer Sherlock

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FOR IMMEDIATE RELEASE

MultiFunding Releases Its Annual Ranking of The Most Committed SBA Lenders

PHILADELPHIA, September 28, 2011  – In today’s lending environment, we hear horror stories about struggles that small business owners face in getting loans.  Despite this tough environment, there are banks across the country that are doing an excellent job helping small business owners obtain loans through the Small Business Administration loan program.

“MultiFunding has released its first annual ranking of the most committed SBA lenders in order to honor and recognize the banks across the country who are aggressively helping small business owners through the SBA program,” said Ami Kassar, founder and CEO of MultiFunding. “These banks deserve all of our recognition and support for assisting the economy.”

The 127 lenders included in the ranking include FDIC insured banks that made a minimum of 50 SBA 7A loans in 2010.  Then, in order to rank them their volume of approved SBA loans was divided by their deposits at the end of 2010.

MultiFunding’s Annual Ranking of Most Committed SBA Lenders

“The top 25 banks ranked in our study are helping small business owners in their communities live the American dream during tough economic times,” continued Kassar.  “It is staggering how these banks are able to help small businesses in contrast to the largest banks in the country that are leveraging a fraction of their deposits to make SBA loans.”
These top 25 banks made $2.9 billion of SBA 7A loans in 2010, with their collective deposit base of $5.6 billion dollars.  In contrast, the 25 largest banks in the country (ranked by deposits) made $3.6 billion of SBA loans with a collective deposit base of $5.7 trillion dollars.

Methodology

The study focuses on SBA 7A loans and does not include SBA 504 loans.  SBA 7A loans are the vast majority of all loans made through the SBA program. In our study, deposit data is derived from the FDIC website www.fdic.gov.  We use year-end deposit data to mark a calendar year. SBA loan data is obtained from www.colemanpublishing.com.

About MultiFunding

Based in the greater Philadelphia area, MultiFunding works with small business owners in more than 27 states to understand small business lending options, and to ultimately evaluate and secure the best loan alternatives for their businesses.  For further information, please visit www.multifunding.com or view the small business blog at sligshotcafe.net.

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