“As a business owner, I’m always looking for ideas I can put into practice to improve my business today and prepare my business for tomorrow,” said Korinko. “Having financing information in one location online can help. What I appreciate about The Business Credit Center is that it’s also part of a broader resource for business owners with information I can use, like a section on Business Stages to help me think about the next step for Art 2 Ink.”According to the latest CRA data, Wells Fargo loaned more dollars to small business owners than any other financial institution in 2011, extending more than $26 billion in loans less than $1 million and more than $16 billion in loans less than $100,000 to U.S. small businesses during the year. For small business loans less than $1 million in 2011 (CRA data), Wells Fargo ranked No. 1 in 16 states: Alaska, Arizona, California, Colorado, Florida, Idaho, Iowa, Minnesota, Nebraska, Nevada, New Mexico, Oregon, South Dakota, Texas, Washington and Wyoming. For small business loans under $100,000 in 2011 (CRA data), Wells Fargo also ranked No. 1 in 26 states – Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Idaho, Iowa, Kansas, Maryland, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Oregon, South Carolina, South Dakota, Texas, Utah, Virginia, Washington and Wyoming – and the District of Columbia. Earlier, Wells Fargo announced it approved a record $1.24 billion in SBA 7(a) loans to small businesses across the United States, making it America’s top SBA lender in dollars for federal fiscal year 2012 (Oct. 1, 2011 – Sept. 30, 2012), according to Small Business Administration (SBA) data. This is the fourth consecutive year Wells Fargo has extended the most SBA 7(a) loan dollars and the second year in a row it has loaned more than $1 billion – the only SBA lender to reach this mark.
About Wells FargoWells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet ( wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With approximately 265,000 full-time equivalent team members, Wells Fargo serves one in three households in United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo loans more money to America’s small businesses than any other bank (2002-2011 Community Reinvestment Act government data) and is a leading lender to women- and diverse-owned businesses. Wells Fargo provides a wide range of financial solutions to meet the needs of business owners nationwide. Through the Wells Fargo Business Insight Resource Center, business owners can access an informative selection of videos and articles featuring expert advice and best practices. For more information visit wellsfargo.com/biz or call the National Business Banking Center at 1-800-CALL-WELLS.