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omb -- Small Business Finance SBA Honors Top Lenders and Small Business Investment Companies at National Small Business Week.

Posted: 23 May 2011 08:41:01
Six Lenders and Two Investment Companies Receive Top SBA
Recognition at National Small Business Week. 

WASHINGTON – Three banks, two certified development companies,
one credit union and two small business investment companies
today received the highest recognition by the U.S. Small Business
Administration in Washington, D.C., as they were proclaimed
Lenders and Investment Companies of the Year, during National
Small Business Week.

The lenders and investment companies from Arkansas, Georgia,
Minnesota, Mississippi, Missouri, Nebraska, Ohio and Texas were
presented their awards at a breakfast session sponsored by
Northrop Grumman. AOL founder Steve Case was the keynote speaker.

While portfolio performance played a significant role in the
awards, the institutions’ continued support of small business,
especially in underserved communities during challenging economic
times was also a major factor. 

“Our partners in lending and investing are pivotal in helping
small businesses create jobs and fuel our economic recovery,”
said SBA Administrator Karen G. Mills.  “One key factor is the
financial assistance provided to underserved communities, and
these honorees have excelled at that. We honor their commitment
as we celebrate our partnership in helping small businesses start
up, grow and succeed.”

During National Small Business Week, SBA honors State Small
Business Persons of the Year from all 50 states, the District of
Columbia, Guam and Puerto Rico and the Virgin Islands, and
recognizes businesses recovering from natural disasters, people
who have helped others recover from natural disasters, small
business lenders, small business contractors and contracting
officers, and advocates for small businesses.  

The Large 7(a) Loan Lender of the Year Award went to Wells Fargo
of Minneapolis, Minn., which was rated SBA’s number one dollar
volume 7(a) lender in FY 2010, issuing more than $871.3 million
in SBA-guaranteed loans, with $305.6 million of those going to
small business borrowers in underserved areas, a 28 percent
increase in SBA gross dollars approved, compared to FY 2009.  

The Small 7(a) Lender of the Year Award winner was Peoples Bank
of Mendenhall, Miss.  In FY 2010, Peoples Bank made 320 SBA loans
to small businesses, delivering more than $21 million to
capital-hungry small businesses in Mississippi, with more than
$6.8 million of that total going to borrowers in underserved

Also honored were two Certified Development Companies, or 504
Lenders, and two Small Business Investment Companies, or SBICs.
The CDCs receiving awards were Ohio Statewide Development
Corporation of Columbus, Ohio, and Clay/Platte Development
Corporation of Kansas City, Mo.  In fiscal 2010, Ohio Statewide
Development Corporation made $8.5 million in SBA-guaranteed
loans, of which $550,000 went to underserved markets. 
Clay/Platte Development Corporation achieved SBA’s top ranking
among small CDCs, making almost $7.5 million in SBA 504 loans, of
which $865,000 went to small businesses in underserved markets. 
The SBICs recognized were Main Street Capital of Houston, Texas,
and Diamond State Ventures of Little Rock, Ark.  Main Street and
its two SBIC funds have invested more than $447 million in 83
businesses since 2002.  The current portfolio includes 55
companies with approximately 12,000 full-time employees.  To
date, DSV has invested over $35 million in 18 Arkansas based
companies employing over 2,200 Arkansans.  When combined with
DSV’s co-investment partners, SBIC funds have invested
approximately $60 million in DSV’s Arkansas portfolio companies.

The award to the Community/Rural Lender of the Year went to
Centris Federal Credit Union of Omaha, Neb.  As a community
lender, Centris also has had a significant impact on underserved
markets in its area, as the number of loans approved for this
segment increased by 83 percent from 2009 to 2010 and the gross
dollar amount approved increased by 230.29 percent. 

As the recovery of the nation’s economy moves forward, exports
continue to play an increasingly important role.  SBA this year
again recognized SunTrust Bank, of Atlanta, Ga., with its Export
Lender of the Year Award for being SBA’s number one export trade
finance lender by volume in FY 2010, as it was in FY 2009.  In FY
2010, SunTrust made 33 SBA export program loans for $24.6 million
in fiscal 2010 and 17 other types of SBA loans to exporters for
$2.7 million.
# # #

Small Business Week 2011 sponsors and cosponsors include:
Association of Small Business Development Companies, AT&T, AVAYA,
CareerBuilder, Dun & Bradstreet, Google, International Franchise
Association, Intuit, Lockheed Martin, Microsoft, National
Association of Development Companies,  National Association of
Government Guaranteed Lenders, National Association of Small
Business Investment Companies, National Association for the
Self-Employed, National Small Business Association, Nomadic
Display, Northrop Grumman, Office Depot, Raytheon, Sam's Club,
SCORE, The Neat Company, Verio, Visa, the Wall Street Journal,
and  Women Impacting Public Policy.

The U.S. Small Business Administration’s participation in this
cosponsored activity does not constitute an express or implied
endorsement of any cosponsor’s, donor’s, grantee’s, contractor’s
or participant’s opinions, products, or services. All SBA
programs and cosponsored programs are extended to the public on a
nondiscriminatory basis. Reasonable arrangements for persons with
disabilities will be made, if requested at least 2 weeks in
advance, by contacting sbw@sba.gov. Cosponsorship Authorization

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