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ROSEMONT, Ill. – June 17, 2019 – Wintrust SBA Lending, a division of Wintrust, is now the top SBA lender in the state of Illinois, based on commitments provided in the first half of the 2019 fiscal year, according to the second quarter report by the U.S. Small Business Administration Illinois District Office. The designation exemplifies Wintrust’s commitment to providing local businesses with personalized lending solutions and guidance to help finance strategic growth initiatives.
“Our team of experts is solely focused on meeting the needs of our business clients in the SBA space, so to have reached this new milestone is an honor,” said Tom Huffman, senior vice president of Wintrust SBA Lending. “We’re proud to support the businesses that strengthen our economy here in our home state, because when they do well, we all win.”
Loan totals at the end of the first quarter of 2019 marked 10% growth over 2018. Major deals that contributed to Wintrust SBA Lending earning this distinction include real estate acquisitions, funding major expansion for existing companies, strategic acquisitions, and debt refinancing.
Wintrust is a financial holding company with assets of over $32 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 160 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.