Banks Still Dominate
Wells Keeps Top-Dog Status
The Wells stagecoach appeared to have rolled especially hard in August and September. Wells closed 1,509 7(a) loans for a whopping $457 million.
Up-and-Coming
Important Niche
Massachusetts Momentum
Expect the $8 billion-asset Berkshire Hills Bancorp in Pittsfield to move several rungs up the ladder, as well. Berkshire completed its acquisition of SBA lender 44 Business Capital of Blue Bell, Pa., a leading mid-Atlantic SBA lender, in May. Even without the new subsidiary, Berkshire Hills was already a fairly large SBA lender. It finished FY 2016 with 697 7(a) loans for $108.9 million.