OneCalifornia Gives More SBA Loans to Small Biz than Most Big Banks in the Bay Area
We at OneCalifornia Bank are excited to announce that we are leaders in providing SBA loans to Bay Area small businesses, according to the U.S. Small Business Administration. Thanks to our SBA team, led by Robert Gebauer, the amount of lending for our small size and young age is amazing.
In the first nine months of the fiscal year 2010, out of the 80 banks in the San Francisco SBA District Office, OneCalifornia Bank was 6th in terms of number of loans and 10th in number of dollars lent for the nine month period between October 1, 2009 and June 30, 2010*. We generated a total of $5.75 million in loans during this time. In fact, we lent more dollars than Citibank, Bank of America, Bank of the West, and JPMorgan Chase in this district. Pretty impressive considering we’ve only been around for 3 years and their assets are on substantially larger than ours! We look forward to having them join us in increasing the amount of loans being made to our local small businesses.
We are proud to be able to help many businesses in stay in operation (and grow!) during hard times, and in turn help retain and create jobs in our local community. This is what our work is all about - strengthening our local economy to benefit community members of all income levels, races and walks of life. You support our clients every day without knowing it, from a Hispanic bakery in San Pablo to a recycling retail business in Oakland, to a restaurant in San Francisco. Thank you for supporting us in this work!
For enlightening facts about how small banks across the country are helping our communities, see this article in last month’s newsletter.
*for 7a loans