HOUSTON – The U.S. Small Business Administration Houston District Office recognized three Houston lenders that have made significant contributions to the economy by delivering SBA financial assistance to small business owners so they can start or expand and create jobs in the community. Lenders were rated on their accomplishments during July 1, 2011 through June 30, 2012 and were presented awards during the 18th Annual Mid America Lender’s Conference in Houston in August.
“Providing access to capital is a major part of our SBA mission,” said Houston District Director Manuel Gonzalez. “That makes our lending partners a major part of our team and we are happy to applaud their success in helping entrepreneurs live their dream and at the same time strengthen the economy.”
Wallis State Bank was distinguished as the Houston District Rising Star. A newly active SBA lender, Wallis State Bank produced 29 loans totaling $25,181,000. “We are honored to win this award,” said Nasr Khan, Executive Vice President/Chief Lending Officer, Wallis State Bank. “We enjoy working as a partner with SBA in our commercial lending. The SBA guaranty allows us to do more small business lending which helps create more jobs in Houston.”
BBVA Compass was honored as the Houston District Top 7(a) Lender with 214 loans totaling $38,991,000. The 7(a) loan program is SBA’s primary and most flexible loan program, with financing guaranteed for a variety of general business purposes. It is designed for start-up and existing small businesses.
Capital Certified Development Corporation earned the Houston District 504 High Volume Certified Development Company (CDC) with 24 loans totaling $29,756,000. CDCs are private, non-profit corporations set up to contribute to the economic development of their communities by providing long-term, fixed-rate financing.
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Valerie Nguyen (713) 773-6516
Internet Address: http://www.sba.gov