SBA lenders: ranked by number of loans awarded in the greater San Fernando Valley.EXECUTIVE SUMMARY THE most active 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. include a wide variety of banks, from national firms to local economic development agencies. The Business Journal's list this year also shows a wide variance The discrepancy between what a party to a lawsuit alleges will be proved in pleadings and what the party actually proves at trial. In Zoning law, an official permit to use property in a manner that departs from the way in which other property in the same locality in the size of the Small Business Administration-backed loans provided. Among the Top 10 banks on this year's list, for instance, are firms like Innovative Bank, which provided 24 loans in the fiscal year totaling only $145,000, with an average loan size of just over $6,000 while others, such as National 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. , provided 21 loans with a total value of $12.8 million and an average loan size of $608,486. In most cases the SBA backs only a portion of the loan that the banking institution provides, and the numbers reported here refer to the total dollar value of the loan, regardless of the portion the SBA guarantees. Most of the Top 5 banks on this year's list increased the number of loans provided to greater San Fernando Valley companies in the most recent fiscal year, compared to last year, although 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. , the No. 1 SBA 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. locally, showed a decrease in the number of such loans. Among the Top 5, Capital One Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks showed the greatest increase, logging 64 SBA loans in the local area in the most recent fiscal year compared to 33 such loans in the prior period. PACESETTER BANK OF AMERICA BANK of America ranks as the No. 1 SBA lender in the greater San Fernando Valley for the fiscal year ended September September: see month. , 2005. The bank provided 232 loans to greater San Fernando San Fernando, city, Argentina San Fernando (săn fərnăn`dō), city (1991 pop. 144,761), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. Valley-based companies totaling $8,509,600. The average size of the loan the bank provided was $36,679. The bank is also the No. 1 SBA lender nationally with some $376 million worth of SBA loans. The bank claims a 21 percent market share of the small business market in the country with California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). ranking as its largest state. Including private, premier and business banking customers, as well as small business banking customers, Bank of America counts 3.9 million small businesses as its clients nationally. The bank operates 650 banking centers staffed with small business specialists and personal bankers across the country, providing services including checking, online banking, lines of credit, payroll payroll a list of employees, their salary rates, tax deductions, amounts paid, payroll tax, long service leave entitlements. services, credit cards and others to the small business market sector. Bank of America also provides a Small Business Online Banking service with free bill pay and other cash management services. The program counts over 890,000 active users. The bank employs more than 175,000 workers in 50 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and its global group has offices in 31 countries.
Rank Lender Number Total Value
* name of Loans of Loans
* address Awarded in Awarded (1)
2005 (1)
1 Bank of America 232 $8,509,600
9696 Miramar Rd., 2nd Floor
San Diego 92126
2 Capital One Federal Savings 64 3,450,000
Bank (2)
1680 Capital One Drive
McLean, Va. 22102
3 Wells Fargo Bank 63 6,018,500
333 S. Grand Ave.
Los Angeles 90071
4 U.S. Bank 35 19,382,800
500 N. Brand Blvd.
Glendale 91203
5 CDC Small Business Financial Corp. 27 22,876,000
201 South Lake Ave., Suite 511
Pasadena 91101
6 Innovative Bank 24 145,000
360 14th St.
Oakland 94612
7 National Bank of California 21 12,778,200
145 S. Fairfax Ave.
Los Angeles 90036
8 Telesis Community Credit Union 18 4,382,000
9301 Winnetka Ave.
Chatsworth 91311
9 EDF Resource Capital, Inc. 17 12,071,000
7509 Madison Ave.
Citrus Heights 95610
10 First Private Bank & Trust 16 5,742,600
10820 Zelzah Ave.
Granada Hills 91344
11 California Statewide Cert. 15 12,572,474
Development
1055 E. Colorado Blvd.
Pasadena 91106
12 Wilshire State Bank 15 7,630,000
3200 Wilshire Blvd., 7th Floor
Los Angeles 90010
13 California Bank & Trust 13 4,345,800
16130 Ventura Blvd.
Encino 91436
14 Nara Bank 11 3,711,900
3701 Wilshire Blvd. Suite 302
Los Angeles 90010
15 Center Bank 11 3,229,000
3435 Wilshire Blvd., Suite 700
Los Angeles 90010
16 Southwest Community Bank 10 6,858,500
330 North Brand Blvd., Suite 525
Glendale 91203
17 Comerica Bank 10 4,902,800
15303 Ventura Blvd. Suite 100
Sherman Oaks 91403
18 Hanmi Bank 10 2,837,100
3660 Wilshire Blvd.
Los Angeles 90010
19 Citibank (West), FSB 10 489,000
1 Sansome St., 22nd Floor
San Francisco 94104
20 Mirae Bank 9 $8,514,700
2149 W. Olympic Blvd.
Los Angeles 90006
21 Union Bank of California 9 410,000
21821 Devonshire St.
Chatsworth 91311
22 CIT Small Business Lending Corp. 8 3,626,200
9018 Balboa Blvd. #343
Northridge 91325
23 Saehan Bank 8 3,062,000
3580 Wilshire Blvd., Suite 1500
Los Angeles 90010
24 California Oaks State Bank 7 1,593,500
50 West Hillcrest Drive
Thousand Oaks 91360
25 Mortgage Capital Dev. Corp. 6 5,805,000
2202 S. Figueroa St. #3001
San Francisco 94111
26 Community Bank 6 4,683,000
1875 Century Park East Suite 700
Los Angeles 90067
27 Beach Business Bank 5 3,283,000
1239 Rosecrans Ave. Lobby Level
Manhattan Beach 90266
28 City National Bank 5 1,456,200
15260 Ventura Blvd. 16th floor
Sherman Oaks 91403
29 Alliance Bank 4 3,150,000
100 Corporate Point
Culver City 90230
30 Banco Popular North America 4 902,000
11101 La Reina Ave.
Downey 90241
Rank Lender Average Headquarters
* name Loan Size
* address
1 Bank of America $36,679 Charlotte, NC
9696 Miramar Rd., 2nd Floor
San Diego 92126
2 Capital One Federal Savings 53,906 McLean, VA
Bank (2)
1680 Capital One Drive
McLean, Va. 22102
3 Wells Fargo Bank 95,532 San Francisco
333 S. Grand Ave.
Los Angeles 90071
4 U.S. Bank 553,794 San Diego
500 N. Brand Blvd.
Glendale 91203
5 CDC Small Business Financial Corp. 847,259 San Diego
201 South Lake Ave., Suite 511
Pasadena 91101
6 Innovative Bank 6,042 Oakland
360 14th St.
Oakland 94612
7 National Bank of California 608,486 Los Angeles
145 S. Fairfax Ave.
Los Angeles 90036
8 Telesis Community Credit Union 243,444 Chatsworth
9301 Winnetka Ave.
Chatsworth 91311
9 EDF Resource Capital, Inc. 710,059 Citrus Heights
7509 Madison Ave.
Citrus Heights 95610
10 First Private Bank & Trust 358,913 Boston
10820 Zelzah Ave.
Granada Hills 91344
11 California Statewide Cert. 838,165 Davis
Development
1055 E. Colorado Blvd.
Pasadena 91106
12 Wilshire State Bank 508,667 Los Angeles
3200 Wilshire Blvd., 7th Floor
Los Angeles 90010
13 California Bank & Trust 334,292 Utah
16130 Ventura Blvd.
Encino 91436
14 Nara Bank 337,445 Los Angeles
3701 Wilshire Blvd. Suite 302
Los Angeles 90010
15 Center Bank 293,545 Los Angeles
3435 Wilshire Blvd., Suite 700
Los Angeles 90010
16 Southwest Community Bank 685,850 Carlsbad
330 North Brand Blvd., Suite 525
Glendale 91203
17 Comerica Bank 490,280 San Jose
15303 Ventura Blvd. Suite 100
Sherman Oaks 91403
18 Hanmi Bank 283,710 Los Angeles
3660 Wilshire Blvd.
Los Angeles 90010
19 Citibank (West), FSB 48,900 New York
1 Sansome St., 22nd Floor
San Francisco 94104
20 Mirae Bank $946,077 Los Angeles
2149 W. Olympic Blvd.
Los Angeles 90006
21 Union Bank of California 45,556 San Francisco
21821 Devonshire St.
Chatsworth 91311
22 CIT Small Business Lending Corp. 453,275 Livingston, NJ
9018 Balboa Blvd. #343
Northridge 91325
23 Saehan Bank 382,750 Los Angeles
3580 Wilshire Blvd., Suite 1500
Los Angeles 90010
24 California Oaks State Bank 227,643 Thousand Oaks
50 West Hillcrest Drive
Thousand Oaks 91360
25 Mortgage Capital Dev. Corp. 967,500 San Francisco
2202 S. Figueroa St. #3001
San Francisco 94111
26 Community Bank 780,500 Escondido
1875 Century Park East Suite 700
Los Angeles 90067
27 Beach Business Bank 656,600 Manhattan Beach
1239 Rosecrans Ave. Lobby Level
Manhattan Beach 90266
28 City National Bank 291,240 Beverly Hills
15260 Ventura Blvd. 16th floor
Sherman Oaks 91403
29 Alliance Bank 787,500 Culver City
100 Corporate Point
Culver City 90230
30 Banco Popular North America 225,500 Chicago
11101 La Reina Ave.
Downey 90241
Rank Lender Top Local SBA Executive
* name * name
* address * title
* phone
1 Bank of America Rick Benito
9696 Miramar Rd., 2nd Floor senior vice president
San Diego 92126 (858) 547-1322
2 Capital One Federal Savings Susan Streich
Bank (2) SBA relationship manager
1680 Capital One Drive (800) 955-7070
McLean, Va. 22102
3 Wells Fargo Bank Greg Fioresi
333 S. Grand Ave. regional sales manager
Los Angeles 90071 (213) 253-3325
4 U.S. Bank Craig Bittner
500 N. Brand Blvd. senior vice president
Glendale 91203 (818) 548-7400
5 CDC Small Business Financial Corp. Dean Aloe
201 South Lake Ave., Suite 511 regional loan officer
Pasadena 91101 (626) 229-0611
6 Innovative Bank Jimmy Kim
360 14th St. SBA manager
Oakland 94612 (510) 899-6882
7 National Bank of California Michael Ortega
145 S. Fairfax Ave. vice president, manager SBA
Los Angeles 90036 (323) 655-6001
8 Telesis Community Credit Union Gavin Bradley
9301 Winnetka Ave. vice president
Chatsworth 91311 (818) 885-1226
9 EDF Resource Capital, Inc. Rodney Kojima
7509 Madison Ave. business development officer
Citrus Heights 95610 (916) 962-3669
10 First Private Bank & Trust James E. Whitney
10820 Zelzah Ave. senior vice president
Granada Hills 91344 (818) 953-6529
11 California Statewide Cert. Sasha Globa
Development director of business
1055 E. Colorado Blvd. development
Pasadena 91106 (800) 982-9192
12 Wilshire State Bank Sungsoo Han
3200 Wilshire Blvd., 7th Floor senior vice president
Los Angeles 90010 (213) 427-6595
13 California Bank & Trust Homa Kajian
16130 Ventura Blvd. senior commercial lending
Encino 91436 officer
(818) 986-5600
14 Nara Bank Young K. Oh
3701 Wilshire Blvd. Suite 302 senior vice president,
Los Angeles 90010 SBA manager
(213) 427-6347
15 Center Bank Jason Kim
3435 Wilshire Blvd., Suite 700 SBA manager
Los Angeles 90010 (213) 251-2222
16 Southwest Community Bank Van Keshish
330 North Brand Blvd., Suite 525 senior vice president
Glendale 91203 (818) 246-2400
17 Comerica Bank Neil Sokoler
15303 Ventura Blvd. Suite 100 business development officer
Sherman Oaks 91403 (818) 379-2966
18 Hanmi Bank James Kim
3660 Wilshire Blvd. first vice president,
Los Angeles 90010 SBA manager
(213) 382-2200
19 Citibank (West), FSB George Glines
1 Sansome St., 22nd Floor national director of
San Francisco 94104 SBA lending
(800) 500-981020
20 Mirae Bank Ryan Shin
2149 W. Olympic Blvd. senior vp
Los Angeles 90006 (213) 427-8890
21 Union Bank of California Eugene Gonzalez
21821 Devonshire St. senior vice president
Chatsworth 91311 (818) 734-9068
22 CIT Small Business Lending Corp. Ernie Vasquez
9018 Balboa Blvd. #343 regional account manager
Northridge 91325 (818) 892-6181
23 Saehan Bank Thomas Kim
3580 Wilshire Blvd., Suite 1500 senior vice president,
Los Angeles 90010 manager
(213) 388-5550
24 California Oaks State Bank Timothy L. Weaver
50 West Hillcrest Drive vice president, SBA manager
Thousand Oaks 91360 (805) 496-6774
25 Mortgage Capital Dev. Corp. Jacky Kim
2202 S. Figueroa St. #3001 vice president marketing
San Francisco 94111 (213) 487-2188
26 Community Bank Harpal Kang
1875 Century Park East Suite 700 vice president
Los Angeles 90067 (310) 407-5382
27 Beach Business Bank Robert Franko
1239 Rosecrans Ave. Lobby Level president, ceo
Manhattan Beach 90266 (310) 536-2260
28 City National Bank Dennis Isleib
15260 Ventura Blvd. 16th floor senior vice president
Sherman Oaks 91403 (818) 382-1507
29 Alliance Bank Justin Moon
100 Corporate Point vice president of SBA
Culver City 90230 (310) 258-9348
30 Banco Popular North America Gloria Miller
11101 La Reina Ave. vp western region sales
Downey 90241 (800) 250-6968
NA: Not Available
na: Not Applicable
WND: Would Not Disclose
(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, 2005.
(2) Capital One does all SBA business out of offices in Richmond,
VA. through direct mail.
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 amount of SBA loans awarded. Loan information was provided
by the U.S. Small Business Administration. Additional information was
provided by the representatives of 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] 2006 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@wright-sreprints.com.
Researched By Vanessa Herman
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