Company Utilizes SBA 7(a) Program Amid Strong Loan Origination Growth
1 report, 1 independent
Updated Wed 00:00
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What happened
A company associated with Pharr utilized the Small Business Administration's 7(a) lending program on October 21, 2026. The company reported fourth-quarter Net Income of $38.6 million, a decrease from $38.8 million in the prior year. Loan Originations for the quarter reached $2.2 billion, up from $1.3 billion in the prior year.
From aol.com
Why it matters
The increase in Loan Originations and the growth in Commercial Finance Loans indicate rising activity within the lending sector. The utilization of the SBA 7(a) program suggests continued financial support for small businesses, while the company reported an Adjusted Net Interest Margin of 5.5% in the fourth quarter.
From aol.com
Who's involved
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The entities involved
Related events
- A bank received Preferred Lender Program status from the SBA.
- The SBA announced new rules regarding small business financing, including increased combined loan limits for 7(a) and 504 programs.
- SBA loans were taken in Kansas.
- Peoples Ltd. offers SBA loan products and provides financial services in Pennsylvania.
- SBA is assisting small businesses in Menasha following the aftermath of a tornado.