SBA chooses Wells Fargo as Lender of the Year.

• Author: Pounds, Nancy
• Position: Inside Alaska Business

The U.S. Small Business Administration Alaska District Office chose Wells Fargo Bank as the 2010 Lender of the Year. The award recognizes the SBA lender that achieves the overall highest number of SBA loan approvals to businesses located in Alaska during the federal fiscal year, ending Sept. 30. Wells Fargo tallied 34 SBA loan approvals totaling more than $7.5 million.

"Wells Fargo Bank and our other SBA lending partners play vital roles in financing new Alaska small businesses, and facilitating the expansion of existing businesses," said Karen Forsland, Alaska SBA district director. "We are proud to recognize Wells Fargo Bank for its success in using SBA's loan-guaranty...