Wells Fargo & Company (NYSE:WFC) announced it is America's #1 Small Business Administration (SBA) lender in dollar volume for the third consecutive year - approving a record $1.2 billion in SBA 7(a) loans to America's small businesses for the 2011 federal fiscal year (Oct. 1, 2010 through Sept. 30, 2011). The company increased SBA 7(a) financing to small business owners nearly 40 percent from 2010 levels when the company approved over $871 million. An SBA preferred lender in all 50 states, Wells Fargo also is the second largest SBA lender in units extending 3,142 loans in 2011, up 27 percent from 2010.
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October 24th, 2011 at 11:55 am