SAN DIEGO, Calif., Jan. 4, 2013 (SEND2PRESS NEWSWIRE) — Bank of Southern California, a locally owned community business bank recognized as the top small business lenders among medium sized banks for the largest number and dollar volume of 7(a) loans in 2012 in the greater San Diego area according to the U. S. Small Business Administration.
In addition, Banking Grades, which is a grading tool from Multifunding, a financial advisory provider that ranks every FDIC insured bank based on their commitment to small business lending, continues to issue an A rating to Bank of Southern California for the amount of loans the bank has made to small businesses. By contrast, many other banks in the area received much lower grades.
“We know that local businesses are absolutely essential to our local economy,” says Nathan Rogge, CEO of Bank of Southern California. “We’ve always been focused on providing small businesses the access to the capital they need to help them grow and expand. It’s nice to be recognized which shows that we are meeting the needs of our community.”