For all the hits that some banks have received for scaling backtheir business lending efforts, they are the Small BusinessAdministration's most active 7(a) loan program lenders.
|According to SBA data tracked between Oct. 1, 2010 and Dec. 31,2010, Wells Fargo Bank was the most active 7(a) lender with 1,002loans totaling nearly $477 million. JPMorgan Chase Bank and U.S.Bank N.A. were also among the top five lenders.
|The SBA listed the top 100 7(a) lenders on the new “Lender Toolkit” section of itswebsite. While credit unions did not make the cut, Newtek SmallBusiness Finance Inc., was ranked 25th on the list. Since February2003, Newtek Business Services Inc. has served credit unions as astrategic services provider with CUNA. Another cooperative, AgSouthFarm Credit ACA, also made the list, ranked at 97.
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