BB&T Tops Lenders in Amount of SBA Loans

June 24, 2009

NC Magazine released an article showing which banks in North Carolina are giving out SBA loans and BB&T tops out the list. It looks like BB&T gave out about 20% of the 465 SBA loans in NC between October 2008 and May 2009.

Here is an excerpt from NC Magazine:
North Carolina banks are putting out sizable amounts of loans to small businesses, and one of the state’s most recognized industry organizations is leading the way.

Data from the North Carolina district of the US Small Business Administration showed that BB&T made 90 loans through the SBA’s guaranteed loan program between October 2008 and May of this year. These loans, classified as 7a loans, have been used for everything from working capital to equipment purchases and beyond.

Click here for the full article