Wachovia
Tops in SBA Loans
Wachovia
Bank is this year's top small business lender in North
Carolina, according to the state office of the Small
Business Administration. During the year ended Sept. 30,
Wachovia made 53 SBA guaranty loans totaling $6.1 million,
according to SBA North Carolina District Director Lee
Cornelison.
"Wachovia is very proud of having reached No. 1 ranking
in North Carolina," said Mike O'Callaghan, vice president
and manager of special loan programs at Wachovia. "This
achievement is the direct result of our focused efforts and a
longstanding relationship with the SBA."
Bank of America and Centura Bank tired for second in SBA loans
(see chart at right). In terms of total SBA guaranty dollars,
CIT Small Business Lending Corp. came out on top at $19.3
million in loans.
During the past fiscal year, 641 small business loans worth
more than $172 million were guaranteed by the SBA's state
office.
The top producing LOWDOC lender in North Carolina was BB&T
with 21 such loans, the SBA said. |
| Bank |
#
of Loans |
Amount
of Loans |
| Wachovia |
53 |
$6,097,300 |
| Bank
of America |
44 |
$5,866,900 |
| Centura
Bank |
44 |
$12,745,100 |
| BB&T |
36 |
$7,569,396 |
| CIT
Small Business Lending |
36 |
$19,304,800 |
| First
Citizens Bank |
23 |
$3,062,954 |
| First
Charter National Bank |
20 |
$2,559,950 |
| Central
Carolina Bank |
18 |
$3,062,954 |
| Self-Help
CreditUnion |
18 |
$2,331,565 |
| First
South Bank |
16 |
$3,647,709 |
| GE
Capital Small Business |
16 |
$10,797,500 |
| Bank
of Granite |
11 |
$1,487,211 |
| Heller
First Capital |
11 |
$7,580,700 |
| Imperial
Bank |
11 |
$3,479,400 |
| First
Union Small Business |
10 |
$5,970,700 |
| The
Fidelity Bank |
10 |
$877,340 |
| SouthTrust
Bank |
9 |
$988,000 |
| Business
Loan Center |
8 |
$3,823,000 |
| Southern
Bank & Trust |
7 |
$792,700 |
| Southern
Comm. Bank & Trust |
7 |
$820,000 |
|
