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SBA Small Business Lenders of the Year

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SBA lenders achieve outstanding results year after year. These two SBA lenders are recognized for producing the most 7a and 504 loans last year. These lenders were most effective in lending to small businesses, not only locally, but also nation-wide.

They also excelled in loans to women and minority businesses. They are role models among SBA lenders.

SBA's loan programs help businesses that cannot obtain needed financing through conventional means.

Kurt Chilcott

President and CEO

CDC Small Business Finance Corp.

For several years, SBA Administrator Hector Barreto presented awards for most SBA 504 loans nationwide to Kurt Chilcott, president of CDC Small Business Finance Corp.

The CDC is the number one volume lender out of the hundreds of CDCs nationwide. In 2004, the CDC made a total of 573 SBA 504 loans for a record $581 million (project total: $1 billion).

In San Diego alone, the CDC made 211 504 loans for $223 million (project total: $411 million). Chilcott's leadership has resulted in the growth of hundreds of diverse small companies, much to the community's benefit.

Chilcott is not only head of the nation's leading CDC, but is a recognized economic development leader nationally. He has developed and managed numerous new economic development initiatives at state and local levels for more than 15 years. His expertise ranges from regional planning to technology-based economic development to small business finance.

Rick Benito

Senior Vice President

Bank of America

For several years, SBA Administrator Hector Barreto has presented the award for most 7a loans nationwide to Bank of America.

BofA is the number one volume lender out of SBA's 2,500 bank lenders nationwide. BofA made 12,758 SBA loans for $451.1 million in 2004, nationwide, and 204 7a loans for $6.5 million in San Diego.

BofA recognizes the importance of making more loans for smaller dollar amounts, helping smaller, newer and often women- and minority-owned businesses.

As senior vice president and regional manager of BofA Southern California Lending, Benito is committed to small business. He also is a strong supporter of CDC 504 loans.

Benito avidly promotes SBA Express Loans. His work has helped entrepreneurs that bank with Bank of America as well as many other lenders in our community.

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