SBA lenders: ranked by number of loans awarded in the greater San Fernando Valley.EXECUTIVE SUMMARY THE top SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government lenders in the greater San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. are a mix of national banks, statewide banks and local banks headquartered across the country. The top lender LENDER, contracts. He from whom a thing is borrowed. 2. The contract of loan confers rights, and imposes duties on the lender. 1. The lender has the right to revoke the loan at his mere pleasure; 9 Cowen, R. 687; 8 Johns. Rep. 432; 1 T. R. 480; 2 Campb. Rep. on the Business Journal's list is Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , a national bank that also took the No. 1 spot last year. Bank of America awarded 216 SBA loans in the greater San Fernando Valley in 2004, more than any other bank with a total of almost $8 million in loans. The average SBA loan size was $36,747. The second spot was taken by Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , which awarded 46 loans in the Valley area, totaling almost $4.5 million, with an average loan size of $96,446 in the SBA arena. Of the three banks on this year's list that are headquartered in the greater San Fernando Valley, the largest, Chatsworth-based Telesis telesia, telesis the harnessing of natural and social forces for a beneficial goal. See also: Improvement, Society Community Credit Union, made the list at No. 10. In 2004, Telesis awarded 15 SBA loans totaling $6.6 million. The size of the average loan awarded was $441,533. PACESETTER BANK OF AMERICA Bank of America is the largest lender of Small Business Association loans in the greater San Fernando Valley once again, with 216 loans awarded during the 2004 fiscal year. The total amount of SBA loans the bank awarded equaled $7.9 million, with an average loan size of $36,747. The number and value of loans awarded was down somewhat from last year, when the bank awarded 239 SBA loans in the greater San Fernando Valley, with a total value of $8.6 million. Bank of America, which is also the top SBA lender in the country in terms of the number of loans awarded, provides SBA loans to small but established businesses. SBA loans are government-guaranteed and often have longer repayment Repayment The act of paying back a debt. Notes: Everyone has to repay their debts eventually. See also: Debt, Defeasance, Loan terms and require smaller down payments than other business loans. The bank offers SBA Express loans of up to $150,000 as well as SBA 504 loans Purpose The Small Business Administration (SBA) 504 loan program was created to help small to mid-sized business owners acquire commercial property without the financial hassles. , which offer low fixed-rate financing with terms up to 20 years.
Rank Lender Number Value Average
* name of of Loans Loan
* Address Loans Awarded Size
Awarded in 2004
in
2804
1 Bank of America 216 $7,937,300 $36,147
9696 Miramar Rd.,
2nd Floor
San Diego 92126
2 Wells Forgo Bank 46 4,436,500 96,446
333 S., Grand Ave.
Los Angeles 90071
3 Innovative Bank 36 245,000 6,806
360 14th St.
Oakland 94612
4 Capital One Federal 33 1,525,000 46,212
Savings Bank
1680 Capital One Drive
McLean, Va. 22102
5 U.S. Bank 29 18,602,600 641,469
500 N. Brand Blvd.
Glendale 91203
6 California Statewide CDC 25 14,223,000 568,920
1055 E. Colorado
Blvd., 5th Floor
Pasadena 91106
7 Wilshire State Bank 18 6,212,000 345,111
3200 Wilshire
Blvd., 7th Floor
Los Angeles 90010
8 National Bank of California 17 10,353,300 609,018
145 S. Fairfax Ave.
Los Angeles NO36
9 Hanmi Bank 16 4,685,500 292,844
3660 Wilshire Blvd.
Los Angeles 90010
10 Telesis Community 15 6,623,000 441,533
Credit Union
9301 Winnetka Ave.
Chatsworth 91311
11 CIT Small Business 9 5,450,900 605,656
Lending Corp.
2519 Thousand Oaks
Blvd., PMB 487
Thousand Oaks 91362
12 CDC Small Business 8 4,660,000 582,550
Financial Corp.
201 South Lake Ave.,
Suite 511
Pasadena 91101
13 First State Bank 8 2,376,000 297,000
of California
333 N. Glenoaks Blvd.
Burbank 91502
14 Citibank (West), FSB 8 545,500 68,188
1 Sansome St., 22nd Floor
San Francisco 94104
15 Southwest Community Bank 6 4,529,000 754,833
330 North Brand
Blvd., Suite 525
Glendale 91203
16 EDF Resource Capital, Inc. 6 3,810,000 635,000
7509 Madison Ave.
Citrus Heights 95610
17 Comerica Bank 6 2,963,600 493,933
301 E. Ocean Blvd.,
Suite 1800
Long Beach 90802
18 Union Bank of California 6 2,445,000 407,500
21821 Devonshire St.
Chatsworth 91311
19 Vineyard Bank 6 1,787,000 297,833
7676 Hazard Center
Dr., Suite 201
Can Diego 92108
20 Gateway Business Bank 5 4,380,800 876,160
18000 Studebaker
Rd., Suite 550
Cerritos 90703
21 Alliance Bank 5 3,735,000 747,000
100 Corporate Point
Culver City 90230
22 Center Bank 5 2,261,600 452,320
3435 Wilshire
Blvd., Suite 700
Los Angeles 90010
23 Pacific Capital Bank 5 1,275,000 255,000
30343 Canwood
St., Suite 100
Agoura Hills 91301
24 Saehan Bank 4 1,315,000 328,750
3580 Wilshire
Blvd., Suite 1500
Los Angeles 90010
25 Temecula Valley Bank 3 4,028,900 1,342,967
27710 Jefferson
Ave., Suite A-100
Temecula 92590
Rank Headquarters Top Local SBA Executive
* name
* title
* phone
1 Charlotte, NC Rick Benito
senior vice president
government lending
products mgr.
(858) 547-1322
2 San Francisco Greg Floresi
senior vice
president,
regional SBA
sales manager
(213) 253-3325
3 Oakland Jim Bek
vice prevent
(510) 899-6882
4 McLean, VA Susan Streich
SBA relationship manager
(800) 955-7070
5 San Diego Robert Flores Jr.
senior vice president
(818) 548-74000
6 Davis Robert Gonzales
regional manager
(800) 982-9192
7 Los Angeles Sungsoo Hags
senior vice president
(213) 427-6595
8 Los Angeles Michael Ortega
vice, president, manager SBA
(323) 655-6001
9 Los Angeles Steve Park
Senior vice president,
SBA manager
(213) 382-2200
10 Chatsworth Jeffrey Francis
vice president,
department manager
(818) 885-1226
11 Livingston, NJ Julie Johnson
regional account manager
(714) 842-23810
12 San Diego Dean Aloe
regional loan officer
(620) 229-4511
13 Granada Hills Jim Whitney
regional manager
(818) 842-9191
14 New York Heather Endresen
director of SBA Lending
(800) 500-9810
15 Carlsbad Van Keshish
senior vice president
(818) 246-2400
16 Citrus Heights Rodney Kojima
business development officer
(916) 962-3669
17 San Jose Gloria Miller
regional manager
(662) 590-2529
18 San Francisco Eugene Gonzales
senior vice president
(818) 734-9068
19 Corona Didi Hakes
senior vice president
(866) 427-0722
20 Cerritos Andy Weaver
senior vice president
(562) 403-6969
21 Culver City Justin Moon
vice president of SBA
(310) 258-9348
22 Los Angeles Jason Kim
SBA manager
(213) 251-2222
23 Agoura Hills Gonzalo Fernandez
senior vice president,
SBA lending operations/
marketing
(818) 272-7200
24 Los Angeles Andrew Chong
vice president, manager
(213) 388-5550
25 Temecula Ginsh Bajaj
senior vice president,
regional manager
(804) 939-3736
(1) Number of loans awarded and amount of loans was
obtained from the U.S. Small Business Administration. The
numbers represent loans made in the greater San Fernando
Valley during the fiscal year ending Sept. 30, 2004.
Banks were ranked by the number of SBA loans awarded in
the greater San Fernando Valley. If two banks were
tied, they were further ranked by the total value of
SBA loans awarded. Loan information was provided by the
U.S. Small Business Administration. Additional
information was provided by the banks themselves.
To the best of our knowledge, this information is accurate
as of press time. While every effort is made to ensure
the accuracy and thoroughness of the list, omissions
and typographical errors sometimes occur. Please send
corrections or additions on company letterhead to
the Research Department. San Fernando Business Journal.
21600 Oxnard St., Suite 250, Woodland Hills 91367.
[c] 2005 San Fernando Valley Business Journal. This list may
not be reprinted in whole or in part without prior written
permission from the editor. Reprints are available from
Reprint Management Services, (804) 494-9051 x130.
Researched by Shannon Sindorf
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