Business & Real Estate

Wells Fargo tops nation in small business loans

Wells Fargo & Co. of San Francisco led the nation in U.S. Small Business Administration “7(a) loans” in the fiscal year running from October 2014 through September 2015, according to SBA data.

SBA’s 7(a) is its most common loan program, providing financial help to existing small businesses and startups.

During the measured fiscal year, Wells Fargo approved 7,254 SBA 7(a) loans totaling more than $1.9 billion nationwide.

Statistics show that Wells Fargo was the No.1 SBA 7(a) lender in dollars in 13 states and the nation’s top SBA 7(a) lender in the number of loans16 states. In both sectors, California is among the listed states.

For more information on WFB small business programs, see wellsfargoworks.com.

Mark Glover: 916-321-1184, @markhglover

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