SBA Honors Export Lenders of the Year 2016

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The the U.S. Small Business Administration, honored GBC International Bank of Los Angeles as the SBA 2016 Export Lender of the Year, and BanescoUSA, a community bank with headquarters in Coral Gables, Florida as SBA's Export Working Capital Lender of the Year at the 9th Annual SBA Export Lenders' Roundtable (4/8/16).

Last year, SBA guaranteed a record 1,777 loans to small business exporters for $1.45 billion, which supported an estimated $3.3 billion in export sales.  Small businesses account for one third of all U.S. export sales.

Read more:  SBA Administrator Recognizes Export Lenders of the Year

A Leader In Small Business Export Lending: BBCN Bank

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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.