The results are in! Thanks to you Evergreen Business Capital is the top producing Certified Development Company in the Northwest.
The experienced staff of Evergreen is dedicated to finding businesses across the Northwest that need the benefits of 504 financing. But the real outreach would be not be possible without your partnership and referrals.
Seattle, Portland and Anchorage SBA District Offices have reported their 504 loan productions number for the fiscal year ending in September 30th, 2009.
The Seattle District, which includes northern Idaho, reported 53 new Authorizations from Evergreen Senior Loan Officers Stephanie Arnold, Tom DiDomenico, Desiree Gray, Kerry Keely and Patricia Rogers.
In the Portland District, with more CDCs than anywhere in the region, the friendly competition among CDC's is strong. This District includes southwest Washington. Evergreen's Lynn Beadling, Joseph Cowles and Lori Milton facilitated 27 new loans.
The Anchorage District showed an amazing 17 approvals all under the caring guidance of our own Barbara Gill.
Evergreen Business Capital was the 15th highest producing CDC in the nation with over 100 new Authorizations for over $60,678,000 in financing. Production in the Northwest declined 25% in number of loans and by 18% in the dollar amount. The Northwest CDC average loan size was about $600,000, an increase over last year.
Nationally, the 504 program created over 6,600 new Authorizations for over $3,864,000,000 in CDC financing. This was a -25.5% change in the number of new loans and a -27.4% change in dollars. The average CDC loan size was $584,658, a decline of 2.5% over last year.
Finally, congratulations to the top 504 first mortgage lenders: Banner Bank, KeyBank and Alaska USA Federal Credit Union in Seattle, Portland and Anchorage, respectively. Nationally the top lenders were Zions First National Bank, Bank of America and New York Business Development Corporation.
Make sure we have your mailing address and then look for more loan production information in "The Evergreen Perennial" semi-annual printed newsletter coming in November.