PASADENA, Calif.– Community Bank announced today that its Small Business Administration (SBA) Department was ranked in the Top 50 nationally (50th out of 1,720 financial institutions) in the production of SBA 7 (a) loans for the fiscal year ending March 31, 2017, up from the 59th slot last year. In the state of California, the Bank ranked 13th out of 113, up from 16th last year.
Its rankings also improved in its major regions. In the Los Angeles district, Community Bank was ranked 8th out of 120 institutions in 2017 but had its biggest increase in the Santa Ana District where it went from 13th last year to 3rd this year. Additionally, Community Bank is ranked 12th (out of 68 institutions) in the San Diego region.
“I am proud of the hard work the SBA team has done in the past year,” said Deborah Gallagher, Senior Vice President and SBA Division Manager. Gallagher continued, “The improvement in our rankings, both nationally and in Southern California, are a testament to the team’s hard work and customer focus.”
David Misch, Chief Executive Officer, said, “The SBA Team has always played a big part in the Bank’s success. They do a great job helping meet the needs of each client. It’s good business for the Bank, good for small businesses and good for helping the economy grow.”
Community Bank’s SBA team offers SBA financing for commercial real estate purchase; working capital; equipment purchase; buying an existing business or to refinance existing business debt. Community Bank does SBA lending throughout all of California. For more information on how an SBA loan can help your business, call 866.465.4SBA.