The Small Business Authority has been ranked the number one nonbank lender based on dollar volume for the SBA 7(a) program for the fiscal year ending September 30, 2011.
The company, a CUNA Strategic Services alliance provider, has been authorized to fund more than $130 million in guaranteed small business loans during 2011, up from $75 million during 2010.
It’s among the nation’s 20 top business lenders.
“We are proud of our record in working with The Small Business Administration as the No. 1 nonbank SBA 7(a) lender by loan volume for 2011,” says Barry Sloane, chairman/CEO of The Small Business Authority. “We also provide receivable finance lines of credit to many independent business owners across the U.S. that are looking to grow their business. We believe due to lack of bank participation, which is primarily driven by capital constraints, that our opportunity to work with independent business owners and finance their business will continue to be a focus for 2012.”
The Small Business Authority also offers:
- Electronic payment processing;
- Managed technology solutions (cloud computing);
- Business lending;
- Insurance services;
- Web services;
- Data backup, storage and Retrieval;
- Accounts receivable financing; and
- Payroll services.