MINNEAPOLIS--(BUSINESS WIRE)--Oct. 13, 2015--
U.S. Bank ended the 2015 SBA fiscal year on September 30 with $776
million in volume and 3,977 loans committed. The totals represent a 15.4
percent increase in dollar volume over 2014 and a nearly 18 percent
increase in the number of loans provided. U.S. Bank was the third
largest SBA lender by volume in the country for 2015.
U.S. Bank ranked first in both units and volume in the SBA districts of
Kentucky, Portland, and Seattle/Spokane. In addition, the company also
ranked first in units in Iowa, Kansas City, North Dakota, St. Louis and
Tennessee. U.S. Bank was in the top three in either units or volume in a
total of 24 SBA districts.
“Providing advice and capital to small businesses is at the heart of
U.S. Bank and we are proud to be one of the top SBA lenders in the
country and #1 in some of our markets,” said Julie Huston, executive
vice president, head of SBA Lending at U.S. Bank. “Assisting small
business with all of the financial services needs helps create jobs,
vibrant communities and strengthens the economy. These are great results
and it demonstrates the health of the financial sector and small
businesses across the country.”
The results are in-line with U.S. Bank’s recent annual Small Business
Survey, completed in May, which included feedback from more than 3,000
small business owners across the bank’s 25-state footprint. Results
showed that small business owners are more confident about the future of
their business now than any other time in the six-year history of the
survey. According to the study, 67 percent stated that the national
economy was in recovery or expansion, up 46 percent from last year.
Three out of four small business owners said their business is
financially strong and revenues have stabilized.
U.S. Bank is committed to small business lending and has multiple
resources available, including its small business site, U.S.
Bank Connect(TM), which includes helpful advice, resources and
networking opportunities. Follow U.S. Bank Connect™ on Facebook
and Twitter.
For more information on U.S. Bank’s full service offering to small
businesses visit usbank.com/smallbusiness.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $419 billion in assets as of June 30, 2015, is the parent company
of U.S. Bank National Association, the fifth largest commercial bank in
the United States. The Company operates 3,164 banking offices in 25
states and 5,020 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151013006613/en/
Source: U.S. Bank
Susan Beatty, U.S. Bank Corporate Communications
(612) 303-9229, susan.beatty@usbank.com