MINNEAPOLIS--(BUSINESS WIRE)--Oct. 24, 2013--
U.S. Bank, a decades-long supporter of small businesses through the U.S.
Small Business Administration (SBA) lending program, ended the 2013 SBA
fiscal year on September 30 with $639 million in volume and 2,519 loans
committed. The totals represent a 22 percent increase in dollar volume
over 2012 and a 52 percent increase in the number of loans provided.
U.S. Bank was the second largest SBA lender by volume in the country for
2013.
U.S. Bank ranked first in both units and volume in the SBA districts of
Kentucky, Portland, Seattle/Spokane and Tennessee. In addition, the
company also ranked first in units in Iowa, Kansas City, Minnesota,
Nevada, San Diego, Santa Ana (Calif.) and St. Louis. U.S. Bank was in
the top three in either units or volume in a total of 22 SBA districts.
“Small business lending continues to be a focus for U.S. Bank and the
business we did through the SBA Division is testament to the hard work
of all of our small business teams nationwide,” said Julie Huston,
executive vice president for the small business segment at U.S. Bank.
“Our bankers stood by small business owners when times were tough, and
although the small business sector still faces economic headwinds, they
are proving their resiliency through their drive to grow and expand
their operations.”
U.S. Bank’s commitment to the small business owner extends beyond
banking and lending. U.S. Bank’s small business website, U.S.
Bank Connect(TM), offers advice and networking opportunities to
business owners of varying sizes and stages of their business life
cycle. Follow Connect on Facebook
or Twitter.
The company also conducts the U.S.
Bank Annual Small Business Survey that provides insight on the
confidence, pressures and opportunities that small business owners are
experiencing around the country. For more information on U.S. Bank’s
full service offering to small businesses visit www.usbank.com/smallbusiness.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $361
billion in assets as of Sept. 30, 2013, is the parent company of U.S.
Bank, the 5th largest commercial bank in the United States. The company
operates 3,088 banking offices in 25 states and 4,937 ATMs and provides
a comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Source: U.S. Bank
U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com