Products

The Small Business Authority Ranked Top Nonbank SBA Lender

Company is among the nation’s 20 top business lenders.

November 09, 2011
/ PRINT / ShareShare / Text Size +

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.

The SBA“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);
  • E-commerce;
  • Business lending;
  • Insurance services;
  • Web services;
  • Data backup, storage and Retrieval;
  • Accounts receivable financing; and
  • Payroll services.

Post a comment to this story

heroes

What's Popular

Popular Stories

Recent Discussion

Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

Your Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?

View Results Poll Archive