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October 13, 2022M&T Bank Earns No. 6 Ranking Among Nation’s SBA Lenders
M&T Bank announced today that it has earned designation as the sixth largest Small Business Administration (SBA) lender in the nation, extending its 14-year streak of ranking as one of the top 10 in the U.S. During the SBA’s 2022 fiscal year, M&T provided 1,440 7(a) loans for a total of $203.8 million to help local small businesses pursue plans to expand and thrive. M&T rose to the sixth position nationally for its total loan volume, even though it only operates in 12 states across the eastern U.S.
The impact of M&T’s consistently strong SBA performance nationally is felt in the local communities it serves. The bank was the leading small business lender in several markets and ranked highly in many others, including the SBA Districts of:
- Baltimore: #1 lender with 250 loans for $36.69 million
- Buffalo/Rochester: #1 lender with 167 loans for $34.38 million
- Connecticut: #2 lender with 75 loans for $9.70 million
- Delaware: #1 lender with 52 loans for $7.12 million
- New Jersey: #2 lender with 131 loans for $13.38 million
- New York City: #2 lender with 308 loans for $32.76 million
- Philadelphia: #2 lender with 134 loans for $22.82 million
- Richmond: #1 lender (tied) with 39 loans for $4.41 million
- Syracuse: #1 lender with 82 loans for $8.56 million
- Washington, D.C.: #1 lender with 152 loans for $23.81 million
“While we’re proud of our longstanding ranking among the top SBA lenders in the country, what matters most to us is meeting the local needs of small businesses in the communities we serve. For us, it’s about making a difference in people’s lives, helping business owners access funding so they can grow, hire more people and uplift our communities,” said Christina Brozyna, head of business banking sales and operations.
