A sign that lending for small businesses
continues to improve is the recent report that Wells Fargo approved more than $548 million in SBA 7(a) loans nationwide so far this year. As reported by Market Watch
and Business Wire, Wells Fargo has continued to issue the most SBA loan dollars to small business owners
than any other lender in the country.
The announcement came as Wells Fargo started its annual Small Business Appreciation, which celebrates how important small businesses are to the U.S. economic recovery. Given that the company has helped meet the needs of thousands of entrepreneurs looking to finance buying a business
, this is a positive sign for those that are seriously interested in small business ownership
SBA 7(a) loans have continued to be a strong tool for those that are looking to buy an existing business
in their local marketplace. Wells Fargo has long recognized the importance of assisting small business owners
in the U.S., which is why they are the top SBA 7(a) lender in dollars or number of loans in several states such as Arizona, California, Florida, Georgia, Minnesota, North Carolina, South Carolina and Texas.
At VR, we assist in securing financing, such as SBA 7(a) loans, for entrepreneurs looking to buy a business
. Wells Fargo is just one of several lenders that VR has had relationships with when facilitating a business transaction
that requires financing.