Steve Doss

WELLS FARGO BECOMES SBA'S FIRST TO LEND $1 BILLION A YEAR TO AMERICA'S SMALL BUSINESSES

Sept. 13, 2011 (San Diego) –Wells Fargo & Company (NYSE: WFC), America’s #1 SBA lender in dollars, today announced that it has extended more than $1 billion in SBA 7(a) loans to small businesses in the current federal fiscal year (beginning Oct. 1, 2010), becoming the first lender to reach this milestone in a year. The company hit the $1 billion mark in August, 11 months into the current federal fiscal year. Wells Fargo has loaned 27 percent more SBA 7(a) loan dollars to small businesses during the 12 months ending August 2011 compared to the same period a year ago.  Locally, the company is  the largest SBA lender in both dollars and units.
 

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