Las Vegas, NV - The Nevada SBA team along with its resource partners, community partners and small business clients will gather on May 4, 2016 to present the 2016 Small Business Week awards during the annual luncheon gala. The event, sponsored by Vegas PBS will be held at the Gold Coast Hotel and Casino at 11:30 a.m. Lenders throughout the state will be honored and recognized during the event. Top lending partner awards are based on total SBA dollar volume ranking during a period of continuing economic recovery throughout the state.

“Financing is crucial to small business start-ups and to existing businesses ready to expand, contract with the government and export. The SBA has streamlined the lending process to encourage access to capital, and we are pleased that banks have responded. Today we recognize their efforts in financing our state’s small business growth,” said Bob Holguin, Nevada SBA District Director.

The 7(a) Loan Program is the most frequently used financing program for start-up and existing small businesses. The SBA’s 504 Loan Program provides businesses with a long-term, fixed-rate financing to acquire major fixed assets such as equipment or real estate. The Microloan program provides loans up to $50,000 to help small businesses start up and expand.  

To attend the awards luncheon, rsvp to scollins@vegaspbs.org or 702-799-1010 X5363, .

Winners of SBA Nevada Lender Awards are:

Nevada 504 Certified Development Company of the Year

Nevada State Development Corporation                        42   1st Place           

Mortgage Capital Development Corporation                  19   2nd Place                       

Mountain West Small business Finance                            5   3rd Place

Nevada 7(a) Large Lender of the Year, Loan Production                                            

Wells Fargo Bank                                                          136   1st Place

U.S. Bank                                                                       119   2nd Place

JP Morgan Chase                                                             37   3rd Place

Nevada 7(a) Large Lender of the Year, Dollar Volume

Wells Fargo Bank                                                      $35,152,600  1st Place

Meadows Bank                                                          $26,501,000  2nd Place

Seacoast Commerce Bank                                         $14,250,000  3rd Place

Nevada Community/Rural 7(a) Lender of the Year

Heritage Bank of Nevada                                              10   1st Place

Nevada 3rd Party Lender of the Year

Bank of Nevada Division of Western Alliance Bank    11   1st Place           

Heritage Bank of Nevada                                                 9   2nd Place

Bank of the West                                                              7   3rd Place

Rising Star Award

Bank of George                                                               5

For more information about all of SBA’s lending programs for small businesses, call the Nevada SBA Offices (Las Vegas: 702-388-6611, Reno: 775-827-4923) or visit the SBA’s extensive website at www.sba.gov.

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District Office, U.S. Small Business Administration

300 South Fourth St., Suite 400, Las Vegas, NV 89101.

702-388-6611

Reno Office, U.S. Small Business Administration

300 Booth St., Ste. 3065, Reno, NV 89509