After just one year of offering SBA loans, USAmeriBank is far outpacing local community banks and holding its own against larger national banks
CLEARWATER, Fla. (November 13, 2012) — A new ranking of Small Business Administration (SBA) 7(a) lenders of all sizes lists USAmeriBank as the leading Tampa Bay-based lending institution for SBA 7(a) loans in fiscal year 2012.
As of September 30, USAmeriBank has closed more than $13 million in SBA loans since September 2011, placing it well above all locally based competitors, and at No. 8 in the SBA South Florida district (a geographic area that covers 24 counties in Florida: http://www.sba.gov/about-offices-content/2/3109/about-us). The performance also puts USAmeriBank within reach of such national banks in the district as Wells Fargo and Chase ($17 million and $19 million, respectively).
Five-year-old USAmeriBank made its first-ever SBA loan in September 2011, and closed approximately $2.4 million in SBA loans in the fourth quarter of that year. Its pace of loans has steadily increased since then.
“Making SBA loans fits perfectly into how we specialize in helping businesses find the capital they need to grow,” said Chris Kneer, Senior Vice President and Business Banking Manager of USAmeriBank, who runs the bank’s SBA program. “Closing SBA loans quickly and successfully requires a specific skill set and experience, which our people bring to our effort,” added Karen Bricken, USAmeribank’s SBA Administrator.
As just one example of how USAmeriBank is helping businesses with SBA loans, the Tampa Bay area franchisee for ImageFirst Healthcare Laundry Specialists, a provider of laundry services to outpatient medical practices around the U.S., took out SBA 7(a) and 504 loans with USAmeriBank to help expand its business and increase efficiency.
“The loans helped us buy equipment and double our capacity. We’re now able to complete the work in one shift rather than two,” said JC Ryan, Chief Operating Officer of ImageFirst Healthcare Laundry Specialists. “We are also now able to expand our outreach to the type of customer we service.”
To maintain the momentum, USAmeriBank recently rolled out a new SBA line-of-credit program, known as “CAPLine” – a working capital loan that allows business owners to use accounts receivable and inventory as collateral.
Meanwhile, the bank is gearing up to offer similar SBA lending programs at Alabama-based Aliant Bank, which USAmeriBank bought last year.
Further information on USAmeriBank’s SBA banking programs is available at: http://www.usameribank.com/business-sba-banking.asp.
USAmeriBank is an independent, non-public bank based in Clearwater, Fla. that has established itself as an outstanding middle-market financial institution. The bank serves the needs of individuals and businesses in the Tampa Bay area by providing a high-level of personalized service and attention to a targeted customer base. USAmeriBank’s parent company is USAmeriBancorp, Inc. More information is available at www.USAmeriBank.com.