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Banks (Finance)

Beach Business Bank Ranks High in SBA Lending

Strategic Insights

— 2 min read

Beach Business Bank, a community business bank serving Southern California, has been recognized for its outstanding achievements in lending to small businesses. According to the Small Business Administration, the bank ranked 55th in the top 100 most active SBA 7(a) lenders in the United States by lending volume from October 1, 2010 to December 31, 2010. Additionally, the American Banker reported on May 1, 2011, that the bank ranked 86th among Community Banks with the Largest C&I Loan Portfolios across the country. The bank's strong relationship with the Small Business Administration and its commitment to supporting small businesses through SBA lending programs have been key factors in its success.

Key Takeaways:

  • Beach Business Bank ranked 55th in the top 100 most active SBA 7(a) lenders in the United States by lending volume from October 1, 2010 to December 31, 2010, as reported by the Small Business Administration.
  • The bank was ranked 86th among Community Banks with the Largest C&I Loan Portfolios across the country, as published in the American Banker on May 1, 2011.
  • Robert Franko, President and CEO of Beach Business Bank, attributed the bank's success to its outstanding achievements in lending to small businesses for their commercial and industrial needs.
  • Phillip Bond, the Bank's Executive Vice President and Chief Credit Officer, commented on the bank's strong relationship with the Small Business Administration and its commitment to supporting small businesses through SBA lending programs.
  • Beach Business Bank is a community business bank serving Southern California, with offices in Manhattan Beach, Long Beach, Torrance, and Orange County, CA.
  • The bank has a division named The Doctors Bank, which serves physicians and dentists nationwide.

Statistics:

  • The Small Business Administration ranked Beach Business Bank 55th in the top 100 most active SBA 7(a) lenders in the United States by lending volume from October 1, 2010 to December 31, 2010.
  • The bank's loan portfolio for commercial and industrial (C&I) loans was significant enough to rank 86th among Community Banks with the Largest C&I Loan Portfolios across the country, as reported by the American Banker on May 1, 2011.
  • From October 1, 2010 to December 31, 2010, Beach Business Bank demonstrated strong lending volume to small businesses through SBA 7(a) programs.

Sources:

  • Beach Business Bank, PR Newswire, 2011
  • Small Business Administration, Ranked List of Top 100 SBA 7(a) Lenders, 2010-2011
  • American Banker, Ranked List of Community Banks with the Largest C&I Loan Portfolios, May 1, 2011

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