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Wells Fargo No. 1 SBA lender in Florida

Wells Fargo was the No. 1 SBA lender in Florida.

Wells Fargo & Co. approved a record $1.24 billion in U.S. Small Business Administration 7(a) loans from Oct. 1, 2011, to Sept. 30, 2012, making it No. 1 for the fourth consecutive year.

The San Francisco-based bank also came in as the No. 1 SBA lender in 15 states, including Alaska, Arizona, California, Colorado, Florida, Minnesota, Nevada, New Mexico, North Carolina, North Dakota, Oregon, Texas, Virginia, Washington and Wyoming.

Wells Fargo (NYSE: WFC) is the third-largest bank in Northeast Florida, with $5.5 billion in area deposits and a market share of 12 percent.

One of the SBA refinancing programs led to an uptick in Jacksonville smallbusiness lending.

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Source: http://feeds.bizjournals.com/~r/vertical_24/~3/k9knxe8_3yI/wells-fargo-no-1-sba-lender-in-florida.html

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