John L. Guy Jr., the new head of First Union Corp.'s small-business lending division, says he isn't worried that the unit recently lost its No. 1 ranking in Small Business Administration lending.

"My definition of No. 1 one is much broader than just what the SBA says," said Mr. Guy, who was named president of First Union Small Business Capital last week. "If we can become a leading lender to small businesses in terms of profitability and service, and a place where employees can reach their goals, then we have been successful."

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