U.S. Bank and Veronica Pulley, a U.S. Bank official, have won the Small Business Administration's Lender of the Year Award for the state.
The bank generated the largest amount of loans to small businesses in Tennessee, increasing its SBA-backed loans by 13.8 percent for fiscal year 2007.
U.S. Bank SBA Division provided a record 5,353 SBA-guaranteed loans to small businesses nationwide, up from 4,703 in fiscal 2006.
In terms of loan dollar volume, U.S. Bank ranked third nationally among SBA bank lenders and fourth overall among both bank and non-bank SBA lenders, with a dollar volume of $486,384,707.
With a loan portfolio of over $60 billion, the SBA is the largest backer of loans to small businesses.
U.S. Bank is the leading SBA lender for loan dollar volume in Los Angeles , Nevada , Portland , Seattle, Spokane and Tennessee.
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