U.S. Bank Ends SBA Fiscal Year with $776 Million in Volume, Finishing #1 in Eight SBA Districts
October 13 2015 - 1:12PM
Business Wire
U.S. Bank ended the 2015 SBA fiscal year on September 30 with
$776 million in volume and 3,977 loans committed. The totals
represent a 15.4 percent increase in dollar volume over 2014 and a
nearly 18 percent increase in the number of loans provided. U.S.
Bank was the third largest SBA lender by volume in the country for
2015.
U.S. Bank ranked first in both units and volume in the SBA
districts of Kentucky, Portland, and Seattle/Spokane. In addition,
the company also ranked first in units in Iowa, Kansas City, North
Dakota, St. Louis and Tennessee. U.S. Bank was in the top three in
either units or volume in a total of 24 SBA districts.
“Providing advice and capital to small businesses is at the
heart of U.S. Bank and we are proud to be one of the top SBA
lenders in the country and #1 in some of our markets,” said Julie
Huston, executive vice president, head of SBA Lending at U.S. Bank.
“Assisting small business with all of the financial services needs
helps create jobs, vibrant communities and strengthens the economy.
These are great results and it demonstrates the health of the
financial sector and small businesses across the country.”
The results are in-line with U.S. Bank’s recent annual Small
Business Survey, completed in May, which included feedback from
more than 3,000 small business owners across the bank’s 25-state
footprint. Results showed that small business owners are more
confident about the future of their business now than any other
time in the six-year history of the survey. According to the study,
67 percent stated that the national economy was in recovery or
expansion, up 46 percent from last year. Three out of four small
business owners said their business is financially strong and
revenues have stabilized.
U.S. Bank is committed to small business lending and has
multiple resources available, including its small business site,
U.S. Bank Connect(TM), which includes helpful advice, resources and
networking opportunities. Follow U.S. Bank Connect™ on Facebook and
Twitter. For more information on U.S. Bank’s full service offering
to small businesses visit usbank.com/smallbusiness.
About U.S. BankMinneapolis-based U.S. Bancorp (NYSE:
USB), with $419 billion in assets as of June 30, 2015, is the
parent company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The Company operates 3,164
banking offices in 25 states and 5,020 ATMs and provides a
comprehensive line of banking, investment, mortgage, trust and
payment services products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151013006613/en/
Susan Beatty, U.S. Bank Corporate Communications(612) 303-9229,
susan.beatty@usbank.com
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