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Triumph In The News

Ranked #1 SBA Lender in the State

The Small Business Administration (SBA) released its list of lender rankings by dollar amount for loans made in Tennessee, October 1, 2012 through February 28, 2013. Triumph was at the top of the list, ranked the #1 SBA lender in the state. With a total of $5,819,000 in SBA loans, Triumph bested #2 United Community Bank by nearly $800,000. As a further distinction, Triumph’s loan volume centered primarily on Shelby County, as it has for several years, demonstrating the bank’s focus on local business.

According to the SBA list, Triumph outperformed more than 40 lenders. This included major banks such as Wells Fargo, Regions Bank and Bank of America, as well as numerous local and regional institutions.

Triumph has consistently led in SBA lending, holding the #2 ranking in Shelby County for three years (fiscal 2010 through 2012) and was previously ranked #11 for SBA loan volume in Tennessee. President Will Chase says this “leap forward” affirms a longheld belief. “We started this bank on the idea that helping local family-owned businesses was simply the right thing to do,” he said. “Not only are we supporting our community, SBA lending has been a major factor in our growth.”

Chase added that the bank’s continued fiscal responsibility along with the SBA’s assistance have made the difference. “We have been fortunate to remain financially sound through this long and difficult business cycle. This benefits all customers. But it has also allowed us to actively make more SBA loans than other banks. We plan to continue this upswing and are extremely grateful to the SBA for all their support.”

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