Best Banks for Small Business

What is a “banking grade” and how can it help your small business?  MultiFunding, based out of Pennsylvania, introduced banking grades as a way to rate banks’ small business lending.  Banks are graded based on the percentage of their domestic deposits that are allocated to small business loans.  You may be surprised by the banks that were rated best for small business lending, many small community banks received A’s.   The following are the big banks, with deposits over $10 million, were top ranked for small business lending:

  1. Zions First National Bank, Salt Lake City. Grade: A (25.44 percent)
  2. First-Citizens Bank & Trust Company, Raleigh, N.C. Grade: B (23.8 percent)
  3. Synovus Bank, Columbus, Ga. Grade: B (19.25 percent)
  4. Chase Bank Usa, National Association, Newark, Del. Grade: B (18.34 percent)
  5. Bancorpsouth Bank, Tupelo, Ms. Grade: B (17.13 percent)
  6. Wells Fargo Bank Northwest, National Association, Ogden, Utah. Grade: B (13.71 percent)
  7. Arvest Bank, Fayetteville, Ark. Grade: B (12.82 percent)
  8. Whitney Bank, New Orleans, La. Grade: B (12.02 percent)
  9. Capital One Bank (Usa), Glen Allen, Va. Grade: B (11.85 percent)
  10. Tcf National Bank, Sioux Falls, S.D. Grade: B (11.49 percent)

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Posted on May 23, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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