Regions Financial Corporation Ranks Third in Small Business Lending Nationally

Strategic Insights -

Regions Financial Corporation has a long-standing commitment to providing capital to small businesses, and its efforts have paid off in the latest study from the U.S. Small Business Administration (SBA). For the sixth consecutive year, the bank has been ranked third among large U.S. banks in the SBA's annual study measuring banks' emphasis on lending to small businesses. This achievement is a testament to Regions' dedication to helping small businesses succeed, even in the face of economic adversity.

Key Takeaways:

  • Regions Financial Corporation ranked third among large U.S. banks in the SBA's annual study measuring banks' emphasis on lending to small businesses.
  • The bank received top rankings for small business lending in several states where it operates, including Alabama and Tennessee.
  • Regions was ranked the No. 1 small business lender in Alabama for the second year in a row and moved up two slots to claim the No. 1 ranking in Tennessee.
  • The bank improved or maintained its small business lending ranking in 14 of the 16 states where it operates.
  • Regions Financial Corporation was the No. 1 small business lender in Alabama and Tennessee.
  • The bank received high marks from the SBA for its commitment to small business lending in individual states.
  • Small business loans are defined as those under $1 million by the SBA.
  • The SBA defines microbusiness loans as those under $100,000.

Statistics:

  • Regions Financial Corporation ranked third among large U.S. banks in the SBA's annual study measuring banks' emphasis on lending to small businesses.
  • The bank received top rankings for small business lending in 14 of the 16 states where it operates.
  • Regions was ranked the No. 1 small business lender in Alabama and Tennessee.
  • Small business loans are business loans of less than $1 million and microbusiness loans are loans of less than $100,000.
  • The full study, including expanded state-by-state tables, is available online at http://www.sba.gov/advo/research/2008.html.

Sources:

  • U.S. Small Business Administration, Office of Advocacy, Small Business and Micro Business Lending in the United States for Data Years 2007-2008, May 2009.
  • U.S. Small Business Administration, Office of Advocacy, Small Business and Micro Business Lending in the United States for Data Years 2006-2007, June 2008.
  • Regions Financial Corporation's website (www.regions.com).