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 in the area. 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 by far, and a total of almost $8 million, with an average loan size of $36,747. The second spot was taken by another national bank, 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, equaling almost $4.5 million, with an average loan size of $96,446. Of the three financial institutions 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 Valley loans totaling $6.6 million. The size of the average loan awarded was $441,533. Telesis is one of the few credit unions in the Valley that provides SBA loans. U.S Bank in Glendale Glendale. 1 City (1990 pop. 148,134), Maricopa co., S central Ariz., adjacent to Phoenix; inc. 1910. It is located in a rich agricultural region irrigated by the Salt River project. Glendale has become one of the fastest-growing U.S. awarded the largest single SBA loan on the Business Journal's List at $18,602,600, with an average loan size of $641,469. The bank's total number of SBA loans for 2004 was 29. The other banks and credit unions with regional or headquarters offices in the Valley that provide SBA loans include CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Small Business Lending Corp. in Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. (Number 11); First Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. in Burbank Burbank, city (1990 pop. 93,643), Los Angeles co., S Calif.; inc. 1911. Tourism and the entertainment industry are central to its economy; several motion-picture studios and television headquarters are here. Burbank's aerospace industry collapsed with the end of the Cold War. (Number 13); Southwest Southwest or south west is the ordinal direction halfway between south and west, the opposite of northeast. Southwest or south west may also refer to:
The highest average loan size was awarded by Gateway Business Bank at $876,160. Gateway Business Bank awarded five loans in 2004, the largest at $4,380,800. In its fiscal year 2005, the Small Business Administration reported that it secured some 97,891 loans through its two main programs, a record amount of volume for the fifth consecutive year. The fiscal 2005 figure is more than double the number of loans made in 2000, the agency said. The SBA guaranteed 88,912 loans through its flagship This article is about the lead ship, store, or product of a group. For other uses, see Flagship (disambiguation). A flagship is the ship used by the commanding officer of a group of naval ships. 7(a) program for a total of $14 billion, a 23 percent increase in the number of loans compared to the previous fiscal year. Flagship 7(a) program loans are predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. used for working capital. The Certified See certification. Development Company loan program made 8,979 loans for the 2005 period for a total of $4.9 billion, up 16 percent compared to the last fiscal year. These loans, also known as the 504 program, are used to buy or rehabilitate re·ha·bil·i·tate v. 1. To restore to good health or useful life, as through therapy and education. 2. To restore to good condition, operation, or capacity. fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → such as land, buildings and machinery. The SBA reported that minorities received $5.8 billion in financing, a 26 percent increase over the previous year for the group. Minorities accounted for 31 percent of the total dollars loaned by the SBA in 2005. Women received $3.3 billion in SBA financing, representing 17 percent of the total dollars the SBA financed in 2005. Lending to women was up 27 percent over the previous year. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the SBA statistics, the number of loans to Hispanics increased 19 percent, loans to African Americans African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. were up 41 percent, and loans to Asians were up 17 percent in 2005 compared to fiscal 2004. The number of loans made to women increased 39 percent over fiscal 2004. --SFVBJ Staff PACESETTER BANK OF AMERICA BANK of America is the largest lender of Small Business Agency 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 nationwide in terms of the number of loans awarded, provides SBA loans to small but established businesses. The 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 offering two term options, of either a 3-year revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. , convertible to a 4-year term loan, or a 7-year term loan. The maximum interest rate is not to exceed 6.50% over the prime lending rate The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans. The prime lending rate is an economic indicator and is often used as a measuring point for adjusting interest and offers fixed and variable rates. The bank also has 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 and financing up to $5 million. The interest rate is accorded to the current market rate of 5- and 10-year treasury issues plus increment To add a number to another number. Incrementing a counter means adding 1 to its current value. , offering fixed and variable rates. --Shannon Sindorf
SBA LENDERS
Ranked by numbers of loans awarded in the greater San Fernando Valley
Rank Lender Number of Loans
* name Awarded in 2004
* address
1 Bank of America 216
9696 Miramar Rd., 2nd Floor
San Diego 92126
2 Wells Fargo Bank 46
333 S. Grand Ave.
Los Angeles 90071
3 Innovative Bank 36
36014th St.
Oakland 94612
4 Capital One Federal Savings Bank 33
1680 Capital One Drive
McLean,Va.22102
5 U.S. Bank 29
500 N. Brand Blvd.
Glendale 91203
6 California Statewide CDC 25
1055 E. Colorado Blvd., 5th Floor
Pasadena 91106
7 Wilshire State Bank 18
3200 Wilshire Blvd., 7th Floor
Los Angeles 90010
8 National Bank of California 17
145 S. Fairfax Ave.
Los Angeles 90036
9 Hanmi Bank 16
3660 Wilshire Blvd.
Los Angeles 90010
10 Telesis Community Credit Union 15
9301 Winnetka Ave.
Chatsworth 91311
11 CIT Small Business Lending Corp. 9
2219 Thousand Oaks Blvd., PMB 487
Thousand Oaks 91362
12 CDC Small Business Financial Corp. 8
201 South Lake Ave., Suite 511
Pasadena 91101
13 First State Bank of California 8
333 N. Glenoaks Blvd.
Burbank 91502
14 Citibank (West), FSB 8
1 Sansome St., 22nd Floor
San Francisco 94104
15 Southwest Community Bank 6
330 North Brand Blvd., Suite 525
Glendale 91203
16 EDF Resource Capital, Inc. 6
7509 Madison Ave.
Citrus Heights 95610
17 Comerics Bank 6
301 E. Ocean Blvd., Suite 1800
Long Beach 90802
18 Union Bank of California 6
21821 Devonshire St.
Chatsworth 91311
19 Vineyard Bank 6
7676 Hazard Center Dr., Suite 201
San Diego 92108
20 First Commerce Bank 6
1661 8 Ventura Blvd. #100
Enciso 91436
21 Gateway Business Bank 5
18000 Studebaker Rd., Suite 550
Cerritos 90703
22 Alliance Bank 5
100 Corporate Point
Culver City 90230
23 Center Bank 5
3435 Wilshire Blvd., Suite 700
Los Angeles 90010
24 Pacific Capital Bank 5
30343 Canwood St., Suite 100
Agoura Hills 91301
25 Saehan Bank 4
3580 Wilshire Blvd., Suite 1500
Los Angeles 90010
26 Temecula Valley Bank 3
27710 Jefferson Ave., Suite A-100
Temecula 92590
Rank Value of Loans Average Loan Size Headquarters
Awarded in 2004
1 $7,937,300 $36,747 Charlotte, NC
2 4,436,500 96,446 San Francisco
3 245,000 6,806 Oakland
4 1,525,000 46,212 McLean, VA
5 18,602,600 641,469 San Diego
6 14,223,000 568,920 Davis
7 6,212,000 345,111 Los Angeles
8 10,353,300 609,018 Los Angeles
9 4,685,500 292,844 Los Angeles
10 6,623,000 441,533 Chatsworth
11 5,450,900 605,656 Livingston, NJ
12 4,660,000 582,500 San Diego
13 2,376,000 297,000 Granada Hills
14 545,500 68,188 New York
15 4,529,000 754,833 Carlsbad
16 3,810,000 635,000 Citrus Heights
17 2,963,600 493,933 San Jose
18 2,445,000 407,500 San Francisco
19 1,787,000 297,833 Corona
20 1,383,000 230,000 Encino
21 4,380,800 876,160 Cerritos
22 3,735,000 747,000 Culver City
23 2,261,600 452,320 Los Angeles
24 1,275,000 255,000 Agoura Hills
25 1,315,000 328,750 Los Angeles
26 4,028,900 1,342,967 Temecula
Rank Top Local SBA Executive
* name
* title
* phone
1 Rick Benito
senior vice president government lending products mgr.
(858) 547-1322
2 Greg Fioresi
senior vice president, regional SBA sales manager
(213) 253-3325
3 Jim Bek
vice president
(510) 899-6882
4 Susan Streich
SBA relationship manager
(800) 955-7070
5 Robert Flores Jr.
senior vice president
(818) 548-7400
6 Robert Gonzales
regional manager
(800) 982-9192
7 Sungsoo Han
senior vice president
(213) 427-6595
8 Michael Ortega
vice president, manager SBA
(323) 655-6001
9 Steve Park
senior vice president, SBA manager
(213) 382-2200
10 Jeffrey Francis
vice president, department manager
(818) 885-1226 -
11 Julie Johnson
regional account manager
(714) 842-2380
12 Dean Aloe
regional loan officer
(626) 229-0611
13 Jim Whitney
regional manager
(818) 842-9191
14 Heather Endresen
director of SBA Lending
(800) 500-9810
15 Van Keshish
senior vice president
(818) 246-2400
16 Rodney Kojima
business development officer
(916) 962-3669
17 Gloria Miller
regional manager
(562) 590-2529
18 Eugene Gonzales
senior vice president
(818) 734-9068
19 Didi Hakes
senior vice president
(866) 427-0722
20 Jack Feldman
(resi enUceo501-2265818
21 Andy Weaver
senior vice president
(562) 403-6969
22 Justin Moon
vice president of SBA
(310) 258-9348
23 Jason Kim
SBA manager
(213) 251-2222
24 Gonzalo Fernandez
senior vice president, SBA lending operations/marketing
(818) 272-7200
25 Andrew Chong
vice president, manager
(213) 388-5550
26 Girish Bajaj
senior vice president, regional manager
(800) 939-3736
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 Wright's Reprints, (877) 652-5295 ext. 104 or e-mail
jmartin@wrightsreprints.com.
Researched by Shannon Sindorf
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