SBA Recognizes Export Lenders Citibank and Byline Bank
April 18, 2018
(SBA)
WASHINGTON – The U.S. Small Business Administration today honored Citibank and
Byline Bank as the 2018 SBA Export Lenders of the Year, respectively, for large
and small lending institutions during a ceremony at the 11th annual SBA Export
Lender Roundtable in Washington, D.C. Citibank Senior Vice President Don
DiMartini, and Byline Bank Small Business Capital President Bruce Lammers
received the awards on behalf of their institutions. During the event, both
lenders were recognized for their efforts to increase access to capital for
United States companies, providing international trade financing to small
businesses.
SBA Administrator Linda McMahon said, “I want to congratulate and thank
Citibank and Byline Bank for helping small business exporters expand, create
high-wage jobs for American workers and advance small business innovation.”
U.S. exports are important to the nation’s economy, and 98 percent of all
exporters are small businesses. SBA export lenders play a pivotal role in
helping small business exporters to compete and succeed in the global market.
During fiscal year 2017, the SBA guaranteed $659.6 million in financing to small
business exporters, supporting more than ten thousand jobs.
Citibank, established as the City Bank of New York in 1812, is one of the
largest financial services holding companies in the United States, operating
over 2,400 financial centers around the world. In fiscal year 2017, Citibank
made a strong commitment to ensure that its small business exporters had access
to the U.S. SBA’s Trade financing program. As a result, Citibank reported
$27.5 million in export lending support.
Byline Bank is an Illinois-based bank with 52 locations and more than $3.4
billion in assets. Opening its doors in 1978, Byline Bank uses the suite of
SBA’s core export loans, which resulted in an increase in their support for
small business exporters in fiscal year 2017 to $16.1 million.
The SBA Export Lender Roundtable is an annual event sponsored by the SBA’s
Office of International Trade. The event brings together lenders, trade
financiers, and trade industry professionals to hear from speakers on topics
such as trade promotion, the global economic outlook, developments in trade
finance, and SBA's export financing programs. It also highlights the
accomplishments of lenders in delivering SBA’s international trade finance
programs to small businesses, which are designed to help small businesses
develop new markets, finance export transactions, and expand production capacity
to meet overseas demand.
For more information about the SBA’s export lending programs, visit www.sba.gov/international.
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