Syracuse, N.Y. – Following a record-breaking year, Fund-Ex Solutions Group (FSG) has emerged as one of the nation’s fastest-growing non-bank SBA 7(a) lenders in 2021, according to data released by the National Association of Government Guaranteed Lenders.
In 2020, FSG funded a total $53 million, an increase of over 900% from 2019. This strong growth allowed FSG to surpass 367 other SBA 7(a) lenders to earn a spot as the fastest-growing non-bank of 2020 and one of the fastest-growing SBA lenders overall. Building on this momentum, FSG has provided more than $31.5 million to U.S. small businesses in the first quarter of 2021, securing its place as one of the most active lenders in the nation.
“This past year was very difficult for many small businesses simply wanting to survive throughout the pandemic. That’s why we are extremely proud of not only our growth, but our ability to impact people’s businesses, communities, and lives,” said Mark Schmidt, CEO of Fund-Ex Solutions Group. “The SBA 7(a) loan provides millions of small business owners with the support they need to make investments or consolidate debt, and we’re honored to have the opportunity to help our borrowers. We look forward to seeing small businesses thrive throughout 2021.”
As an SBA Preferred Lender, FSG can streamline the application process to deliver faster approvals and allow small businesses to secure funds for a variety of reasons such as:
Alongside its growth in lending services, FSG has also seen growth in its team, bringing on new staff members and tripling its number of business development officers. FSG’s roster consists of industry veterans with storied backgrounds in banking, regulation, federal financial institutions and more. You can learn more about FSG and its offerings by visiting its website here.
About Fund-Ex Solutions Group
FSG is a non-bank SBA Preferred Lender, wholly owned subsidiary of Bankers Healthcare Group, and one of only 14 non-bank lending companies licensed by the SBA to offer 7(a) loans. The FSG team brings decades of industry expertise, combining technology and premium service to deliver personalized loan solutions with minimum hassle.
In 2020, FSG funded a total $53 million, an increase of over 900% from 2019. This strong growth allowed FSG to surpass 367 other SBA 7(a) lenders to earn a spot as the fastest-growing non-bank of 2020 and one of the fastest-growing SBA lenders overall.
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