Wells Fargo & Co. Top SBA Lender
Over the past 11 months Wells Fargo & Co. has approved $11 billion dollars in Small Business Administration backed loans, reaching around 2,600 businesses.
In 2011 SBA lending has increased at every top lender, but Wells Fargo & Co. leads the rest in the amount of money issued to small business. All together the other top 9 lenders have lent $3.5 billion so far this year.
The news that SBA back lending has improved everywhere is encouraging for small businesses in need of loans. Not only are community banks able to issue more loans, but huge banks are also increasing the amount of money they issue to small businesses. If your business needs a loan and you want to work with a Main Street bank try out Wells Fargo & Co. for a piece of the billions of dollars in loans they approve for small businesses.