Friday, April 19, 2013

A Leader In Small Business Export Lending: BBCN Bank

SBA has named Los Angeles-based BBCN Bank the SBA Export Lender of the Year for 2013.  Congratulations to BBCN Bank!  BBCN facilitates international trade financing for small businesses, including nearly $13 million in export working capital financed by BBCN in 2012.  They serve a diverse mix of customers that mirror their respective communities, including the largest Korean population concentration outside Korea.

My favorite stat in the article:
Small businesses now constitute 34 percent of total export dollars, and comprise approximately 97.8 percent of all exporters.  
Read the entire announcement here.

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