Wells Fargo leads Colorado, US in SBA lending

Wells Fargo & Co. was the top Small Business Administration lender in Colorado and the nation during fiscal 2011, which ended Sept. 30. Colorado spokeswoman Cristie Drumm said Wells Fargo topped other Colorado SBA lenders by about 40 loans during the year, distributing a total $79.8 million in 215 SBA-guaranteed 7(a) loans to small businesses throughout the state. Nationally, the bank financed 3,142 7(a) loans to small businesses for a record loan volume of $1.2 billion. Drumm said a small business owner seeking a loan could visit any of the bank’s 170 locations in Colorado, or visit this page on the Wells Fargo website.

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