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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