Chase was named Michigan Lender of the Year
April 8, 2008
The U.S. Small Business Administration’s Michigan District
Office presented its fiscal 2007 lender awards at the Tenth Annual
Michigan SBA Lenders’ Conference held in Lansing on March
20. Chase was named Michigan Lender of the Year, SBA’s award
for the best overall performance. Chase approved 616 SBA loans
worth more than $36 million in fiscal 2007.
“Although it was difficult to select only one lender from this
year’s group, Chase turned in an exceptionally strong performance
in all areas,” said Richard Temkin, Michigan District Director of
SBA. “In addition to being our SBAExpress Lender of the Year, it
was a strong contender for several other awards. In the 13 years
that we have presented this award, Chase is only the fourth lender
to win it more than once.” Other award winners included:
SBAExpress Lender of the Year – Chase
Award for the lender which had the most SBAExpress
loans. Chase approved 611 SBAExpress loans. This is the
first year that Chase has won this award.
PLP Lender of the Year – Capitol Bancorp
The most loans approved by a preferred lender, which enjoy
full delegation of lending authority. Capitol Bancorp approved
71 PLP loans.
Business Development Lender of the Year – Peoples State
Bank
Award for the lender which did at least 10 SBA deals in
fiscal 2007 and had the largest percentage increase of
approvals. Peoples State Bank’s loans jumped from 12 in fiscal
2006 to 78 in fiscal 2007, an incredible increase of 550%!
Community Lender of the Year – Peoples State Bank
Best overall performance among Michigan-based, non-PLP
lenders. Criteria include total volume, new market activity,
and comparison with historical performance.
504 Lender of the Year – Fifth Third Bank
In recognition of the best overall support of SBA’s 504 loan
program. Fifth Third Bank supported 26 504 deals with five Michigan
certified development companies last year. This is the 4th year in
a row Fifth Third Bank has won this award.
New Markets Lender of the Year – Comerica Bank
Best overall performance in lending to new markets
(minorities, women, and veterans), including the percentage of
Comerica Bank’s SBA loans that went to new markets and its support
for the full diversity of the population.
