Houston SBA Guaranteed $ 1 Billion in Small Business Loans and Bonds


Photo by Andrea Leinfelder

The Houston office of the Small Business Administration guaranteed $ 1 billion in loans and bonds to 1,512 small businesses during the fiscal year ended Sept. 30.

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The Houston office of the Small Business Administration guaranteed $ 1 billion in loans and bonds to 1,512 small businesses during the fiscal year ended Sept. 30.

That’s down from the $ 1.1 billion guaranteed last year. The SBA does not grant the loans itself, but rather guarantees the bank loans.

More banking news: BBVA pledges $ 15 billion for community development, reports third quarter profit increase

“The Small Business Administration offers a variety of programs that help banks provide access to capital for businesses of all sizes, industries and purposes,” said Courtney McClendon, senior vice president and SBA director of Plains State Bank, in a statement. hurry.


Based on the dollar amount, Plains State Bank was the primary lender of the SBA’s flagship 7 (a) loan. She loaned $ 48 million in the Houston area. Wells Fargo was second with $ 42 million, and Live Oak Banking Co. was third with $ 37 million.

Based on the number of loans, Wells Fargo ranked # 1 in issuing 133 of these 7 (a) loans in the Houston area. Chase was second with 93 loans and Zions Bank third with 48 loans.

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