Superior Financial Group (SFG) is now the top SBA lender in the country in terms of number of loans, ahead of Bank of America and JPMorgan Chase. Superior Financial Group produced 2,690 SBA (7a) loans totaling $27.1 million to entrepreneurs in the year ended September 30.
"This independent lender was able to outperform the larger, more established banks by providing financial products to meet the needs of Main Street businesses providing capital and training to expand their business and hire new employees," said Coleman Publisher founder Bob Coleman.
SFG was also the top lender in six of the minority-owned business groups SBA tracks thanks to "Community Express," which encourages lenders to reach underserved minority borrowers and provides free technical assistance.
SFG funded 459 loans to black-owned enterprises, ahead of the 91 by the next-highest lender and 901 loans to women-owned businesses, ahead of the 378 by the next-highest.
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