Arvest Bank Named Largest Small Business Lender in 2014

Monday, May 11 at 01:15 PM
Category: Arvest News

Arvest Bank was recognized by the U.S. Small Business Administration as the top SBA lender in Arkansas.

LITTLE ROCK, Ark. — The Arkansas District Office of the U.S. Small Business Administration (SBA) announced that Arvest Bank was the top SBA lender for the state of Arkansas for 2014. The announcement was part of the SBA’s Arkansas Small Business Awards Luncheon at the Clarion Hotel in Little Rock on April 30, 2015.

“Arvest is proud to once again be recognized as the state’s largest SBA lender. It is a privilege to help small business owners in Arkansas get the capital they need to build successful businesses for the benefit of their families and communities. The SBA loan program is essential in making it possible to meet these business owners’ needs, and we look forward to continuing to grow our SBA loan portfolio,” said Marcus Guinn, executive vice president and loan manager of Arvest Bank in central Arkansas.

The SBA is a government agency that provides support to small businesses, such as education and preparedness to apply for loans through banks or financial institutions. The SBA does not make direct loans to businesses, but acts as a guarantor on loans. Its mission is “to maintain and strengthen the nation’s economy by enabling the establishment and viability of small business and by assisting in the economic recovery of communities after disasters.”

Arvest attributes much of the SBA loan growth to the availability of the bank’s local lenders and those lenders’ knowledge of their individual markets. By working in partnership with the SBA programs, Arvest’s lenders can help business owners participate in programs they might not have known about on their own. 

Tags: Arkansas, Arvest Biz, Business Banking,
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