Sunflower Bank Ranks as Top 10 SBA 7(a) Bank Lender in Key Markets
January 04, 2021
Denver, CO (January 4, 2021) – Sunflower Bank is proud to announce that it provided a record-setting total of SBA 7(a) loans to customers in 2020. According to the U.S. Small Business Administration (SBA) in FY2020, Sunflower Bank achieved these rankings by total loan amounts:
• Kansas District Office - #1 Bank Lender
• El Paso District Office - #2 Bank Lender
• Arizona District Office - #4 Bank Lender
• Colorado District Office - #9 Bank Lender
“It is extremely gratifying to see the success we have achieved in providing SBA 7(a) loans to businesses across all of Sunflower Bank’s regions. We’re making significant investments in our SBA capabilities because we know that SBA loans provide incredible benefits and are often overlooked as financing options to help successful, established businesses grow,” said Matthew Mapes, director of SBA Market Development at Sunflower Bank.
Commercial and business banking teams at Sunflower Bank and First National 1870 provide SBA lending expertise to local businesses to support business acquisition, owner-occupied commercial real estate, equipment financing and working capital needs. In addition, Sunflower Bank can assist companies involved in international trade and export with the SBA’s specialized programs for this industry.
Sunflower Bank became an SBA Preferred Lender in 2019. Under the Preferred Lenders Program, high-volume SBA lenders such as Sunflower Bank are delegated loan approval as well as closing and most servicing and liquidation authority, enabling them to make loan decisions more rapidly. To earn the PLP designation, lenders must establish a successful track record and display a thorough understanding of SBA lending policies and procedures.
Lending volume data is provided by the SBA for FY2020, ending September 30, 2020.