MINNEAPOLIS--(BUSINESS WIRE)--Nov. 21, 2006--U.S. Bank increased
its SBA loan total by a record 38 percent for fiscal 2006, according
to Small Business Administration (SBA) information. Through its SBA
Division, U.S. Bank provided a record 4,703 SBA guaranteed loans to
small businesses nationwide. It also saw a three percent increase in
dollar volume over the previous year, according to the SBA. Both
totals are U.S. Bank records.
Nationally, U.S. Bank ranked second among SBA bank lenders and
third overall among both bank and non-bank SBA lenders in terms of
loan dollar volume, according to the SBA. U.S. Bank ranked sixth
nationally in overall loan volume.
"Again in 2006, our record success is primarily due to the
attractiveness of our easy-to-access SBAExpress loans," said David
Bartram, president of U.S. Bank's SBA Division. "Additionally, our
Fees Paid offer has become a key advantage in our SBA real estate loan
program and thousands of our borrowers took advantage of it this past
year."
U.S. Bank ranks in the top five in number of loans in 18 of the 21
SBA districts where it operates. It ranks first in Kansas City, St.
Louis and Portland; second in Colorado, Minnesota, Seattle/Spokane and
Wisconsin SBA Districts. Additionally, U.S. Bank ranks third in
Cleveland, Columbus/Cincinnati, Kentucky, Nebraska, Nevada, Sacramento
and Tennessee districts.
In terms of loan dollar volume, U.S. Bank ranks in the top five in
16 of the 21 SBA districts where it operates. It ranks first in Kansas
City, St. Louis, Los Angeles, Portland and San Francisco; second in
Colorado, Minnesota, Tennessee, Nevada and Seattle/Spokane districts.
Through SBA Division, U.S. Bank operates 24 specially designated
SBA Business Centers nationwide. U.S. Bank is part of U.S. Bancorp
(NYSE:USB). With assets of $217 billion, U.S. Bancorp is the 6th
largest financial holding company in the United States. The company
operates 2,467 banking offices and 4,943 ATMs, and provides a
comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
CONTACT: U.S. Bank
Teri Charest, 612-303-0732
teri.charest@usbank.com
SOURCE: U.S. Bank
