USAmeriBank continues to grow its SBA program in Tampa Bay, far outpacing other community banks and the larger national banks
CLEARWATER, Fla. (November 23, 2015) – For the third straight year, USAmeriBank ranks first among Tampa Bay’s top Small Business Administration (SBA) lenders, according to statistics recently released for fiscal year 2015.
The latest ranking of SBA 7(a) lenders showed that as of September 30, USAmeriBank had $20.9 million in SBA loans approved since October 2014, placing it atop all banks operating in the Tampa Bay area. Additionally, USAmeriBank was the top community bank and ranked No. 8 overall in the SBA’s South Florida district, which includes 136 SBA lenders.
In fiscal 2015, the federal government’s SBA 7(a) program reached an all-time record with 63,000 loans totaling $23.6 billion, an increase of 22 percent in number of loans and 23 percent for total dollars over fiscal year 2014.
USAmeriBank also reached its own milestones in 2015 – closing its 100th loan and breaking the $90 million mark in loans made since the bank started its SBA program just four years ago.
The bank’s success in SBA lending is tied to the deep experience of its team members in SBA lending, combined with the bank’s commitment to helping small businesses grow.
“The SBA program has become a major strength of the bank with all of our different lines of business and senior managers embracing the program and continuously looking for opportunities,” said Chris Kneer, Senior Vice President, SBA Program Manager with USAmeriBank. “We’re recognized in the community as a top SBA lender, so a lot of great opportunities continue to come our way.”
For more information on USAmeriBank’s SBA banking programs, visit www.usameribank.com/sba-lending or email SBAinfo@usameribank.com.
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 in Florida, and in the Birmingham, Montgomery and Tallapoosa areas in Alabama, 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.