Wells Fargo has approved more SBA 7(a) loan dollars for America’s small businesses than any other lender to date in federal fiscal year 2013.
“It’s a very positive sign to see the overall growth in SBA lending this year because it means more entrepreneurs and business owners are pursuing financing to expand, purchase real estate and equipment, and buy businesses that create jobs and drive America’s economic growth,” said David Rader, head of Wells Fargo’s SBA Lending Division. “We’re honored to be the leader in SBA lending and that more business owners are choosing Wells Fargo for SBA financing and working with our team to build their businesses. We want to do everything we can to help them succeed financially.”
Dr. Mary Katherine Cross needed to start her own veterinarian practice by acquiring the Old Shell Road Small Animal Hospital in Mobile, Ala. With a Wells Fargo SBA 7(a) loan to finance the purchase and an SBA Express line of credit for working capital, Dr. Cross had the financing she needed to fulfill her business ownership dream. Her practice has six employees today, and she plans to add three more in the next year.
“It’s a great feeling to run my own business, and have the opportunity to serve my neighbors and their pets every day,” said Dr. Cross. “I’m new to owning a business, so I appreciated having the Wells Fargo team explain everything I needed to help me achieve this goal.”
