Monday Apr 21, 2014
U.S. Small Business Administration New York District Announces Top Small Business Lenders
The U.S. Small Business Administration New York District Director Pravina Raghavan honored the top lenders who participated in the agency’s Guaranteed Loan Program at a ceremony today in Jamaica, New York.  SBA lenders in the 14-county New York District provided nearly 2,000 approved 7(a) and 504 loans with a supported value of over $900 million during fiscal year 2012.

“Recognizing the success of our lenders and the key role they play in helping to establish small businesses that create jobs for Americans illustrates healthy signs for the economy and ensuring the availability of financing to small businesses,” said District Director Pravina Raghavan, of the SBA’s New York District Office.

The lenders honored today are as follows:
PINNACLE (Most 7a/504 Dollars Loaned)
Empire State Cert. Dev. Corp. - Most 504 Dollars Loaned ($156,407,000)
Noah Bank- Most 7(a) Dollars Loaned  ($87,915,000)

GOLD ($40,000,000 - 80,000,000 Dollars Loaned)
NewBank ($61,400,000)
JPMorgan Chase Bank, N.A. ($60,708,500)

SILVER ($20,000,000 - 40,000,000 Dollars Loaned)
Hanmi Bank ($37,400,000)
BBCN Bank ($32,310,300)
TD Bank, National Association ($30,249,600)
Community National Bank ($25,060,000)
New York Business Development Corporation ($20,299,500)

BRONZE ($9,000,000 - 20,000,000 Dollars Loaned)
Manufacturers and Traders Trust Company ($17,355,000)
Newtek Small Business Finance, Inc. ($17,299,000)
BankAsiana ($14,410,000)
Live Oak Banking Company ($13,198,000)
Citibank, N.A. ($11,619,600)
Business Initiative Corp. ($9,149,000)

SPECIAL ACHIEVEMENT
JPMorgan Chase Bank, N.A. - #1 504 First Mortgage Lender
Brooklyn Cooperative, FCU - Most Loans Made by a Credit Union

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U.S. Small Business Administration New York District Office serves 14 downstate counties in New York State, which include New York City (Bronx, Kings, Queens, Richmond and New York), Long Island (Nassau and Suffolk), as well as Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester counties.  For more information, please visit http://www.sba.gov

Media   Contact:
Justine Cabulong (212) 264-7750
Regional Communications Director
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