Sunwest Bank Loans Receive Top Recognition from Small Business Administration

Rankings Include Top 15 for SBA 504 loans in Orange County and 37th in the United States.

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Jul 18, 2019, 07:59 ET

IRVINE, Calif., July 18, 2019 /PRNewswire/ -- Sunwest Bank is excited to announce its 504 and 7(a) loans have received top 50 rankings from the U.S. Small Business Administration (SBA). For 504 loans, – typically used for real estate, and machinery – Sunwest Bank is 37^th in the United States and 14^th for the Orange County/Inland Empire area. The SBA also ranked Sunwest Bank 50^th in the Orange County/Inland Empire area for 7(a) loans, which are specifically used for small businesses. Sunwest Bank is ranked 232^nd, nationally, for SBA Loans.

"I am proud of our team. Our rise through the rankings shows the bank's dedication to the small business owner," said Sunwest Bank SBA Sales Manager Thomas Chavez, "It also shows our commitment to lending in our community. We have built a team of professionals that understand the small business owner and look forward to meeting their needs, in the marketplace."

This recognition comes shortly after Sunwest Bank was recognized by American Banker as the 57^th "Top Community Bank," in the May 2019 issue. Additionally, Sunwest Bank began the first quarter of 2019 posting a stout net income of $5.6 million. This was fueled by a strong net interest margin, which grew from 4.217 percent, a year ago, to 4.52 percent today.

"We are pleased to be among the top banks in the nation for originating SBA loans," Carson Lappetito, President of Sunwest Bank said, "We believe in small businesses, and want to do our part to help grow the west."

The U.S. SBA is an independent agency of the federal government dedicated to protecting the interests of small businesses by helping them receive assistance in the form of SBA Loan guarantees and contacts.

For more information on Sunwest Bank's products and services, visit https://sunwestbank.com.

About Sunwest Bank

Founded in 1969, Sunwest Bank is a privately held commercial bank with more than $1.3 Billion in assets. Headquartered in Irvine, CA, with operations in California, Arizona, Idaho and Utah; Sunwest is an entrepreneurial business bank with a long tradition of providing excellent service to entrepreneurs, privately held corporations, family offices, small-medium sized business and real estate developers throughout the Western United States. Sunwest Bank is a Member FDIC and Equal Housing Lender.

Media Contact

Tyler Lyon
IDPR for Sunwest Bank
Tel: +1 949 777-2424
Email: [email protected]

SOURCE Sunwest Bank