DC Area SBA Loan Volume, 2Q13

Just a quick update on SBA loan volume in the DC Area.  Looks a little light, right?  We have some valuations for SBA Loans in that pack – but we thought it would look higher overall for the quarter.

2nd Quarter FY13 SBA Loans for DC District Office

Lender Name Number of Loans Gross Approval Amount
EagleBank 13 $ 8,355,000
Manufacturers and Traders Trus 35 $ 5,901,000
Live Oak Banking Company 3 $ 4,520,000
Wells Fargo Bank, National Ass 19 $ 3,784,700
SunTrust Bank 3 $ 3,465,000
Access National Bank 4 $ 2,795,000
Branch Banking and Trust Compa 18 $ 2,450,200
Capital Bank, National Associa 5 $ 1,335,000
The Columbia Bank 2 $ 1,250,000
Sandy Spring Bank 2 $ 1,230,000
TD Bank, National Association 8 $ 1,036,100
PNC Bank, National Association 4 $ 990,000
The Business Bank 1 $ 960,000
Noah Bank 2 $ 900,000
Wilshire State Bank 2 $ 880,000
CapitalSource Bank 1 $ 815,000
Mid-Atlantic FCU 1 $ 750,000
Capital One, National Associat 4 $ 675,000
Monument Bank 2 $ 650,000
Bank of America, National Asso 5 $ 600,000
Virginia Commerce Bank 1 $ 500,000
Newtek Small Business Finance, 1 $ 415,000
Cardinal Bank 2 $ 355,000
National Institutes of Health 1 $ 300,000
Industrial Bank 1 $ 261,000

 

Breaking Down the Numbers

Just so you don’t have to do the math at home… SunTrust led the way with an average loan size of just shy of $1.2 million, and the overall average size was just $322k.   Manufacturer’s – although they had a high count in terms of sheer numbers of loans advanced- had an average size of just $168k.

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