EXECUTIVE SUMMARY / THE PACESETTER – SBJ Lenders

EXECUTIVE SUMMARY Below are the top fifty largest SBA Lenders who have loaned to the greater Valley area as determined by the local U.S. Small Business Administration office in Glendale. There were 628 loans awarded by these firms in the calendar year of 2010, totaling over $243 Million. This comes out to an average of about $26 Million a loan. The largest lender was the Mortgage Capital Development Corp. with total lending of $26.4 Million and the smallest was Newtek Small Business Finance, Inc. with a total of $155,000. Total loan value was up 56% from 2009 due in part to the entrance of JP Morgan Chase Bank into the region. – By Josh Dausch THE PACESETTER The SBA Lender with the largest total value of loans in 2010 was Mortgage Capital Development Corp. (TMC) with 24 awarded adding up to $26.4 Million. TMC Development is headquartered in San Francisco and is also the No. 1 SBA Lender in the Northern California region. TMC has been in business for over 29 years, loaning a grand total of $5.7 Billion to businesses in both California and Nevada. TMC tailors financing packages to meet SBA program guidelines and the credit capacity for each business. Most recently, TMC provided funding to a local meat packing facility, Ideal Meat & Provisions, Inc. in Northridge. – By Josh Dausch Download the 2011 SF VALLEY’S LARGEST SBA LENDERS list (pdf)