CapStar Ranked as one of Tennessee’s Top Three Largest SBA Lenders

Rhea-AI Summary

CapStar Bank’s Government Guaranteed Lending (GGL) division has been ranked as Tennessee’s third largest Small Business Administration (SBA) lender, showing a remarkable improvement from fifth place in 2020. The ranking marks the second consecutive year of nearly 70% growth. Established in 2018, the division has outpaced over 130 banks in the state, including top national institutions. CapStar has also been recognized as a leader in PPP loans, protecting over 26,000 jobs during the COVID-19 pandemic, positioning itself as a strong competitor in the SBA market.

Positive

• Ranked third largest SBA lender in Tennessee, up from fifth in 2020, demonstrating nearly 70% growth.
• Surpassed over 130 banks in the state, including major national and regional institutions.
• Recognized as a PPP leader, protecting over 26,000 jobs during the COVID-19 pandemic.

Negative

• None.

NASHVILLE, Tenn., Nov. 05, 2021 (GLOBE NEWSWIRE) -- CapStar Bank’s Government Guaranteed Lending (GGL) division was recently ranked as Tennessee’s third largest Small Business Administration (SBA) lender, improving from fifth largest in 2020 and representing the second consecutive year the division increased statewide results over prior year by nearly 70%.

Established in early 2018, CapStar has now surpassed more than 130 banks in the state, including a number of major national and regional financial institutions, to rank as one of Tennessee’s top three 7(a) lenders.

“We are excited about our ranking and look forward to building on this momentum as we continue to expand the GGL division to serve our community’s small businesses,” said Mark Niethammer, CapStar’s GGL Director. “This represents a tremendous distinction for both our team and CapStar, positioning the bank as a strong competitor in the primary markets we serve and emerging national leader in the SBA space.”

Since its inception three years ago, the division has expanded its footprint nationwide and was recently recognized as a PPP leader relative to asset size, protecting more than 26,000 local jobs amid the COVID-19 pandemic.

“We are especially proud of the swift strides made by our GGL team. CapStar’s foresight in assembling such expertise has proven particularly vital to our communities as their leadership in processing PPP and other SBA loans to benefit Tennessee’s small businesses is unparalleled,” said Chris Tietz, CapStar’s EVP of Specialty Banking. “At its core, our team is focused on quality delivery of service and guidance to our customers.”

About CapStar
CapStar Bank, with assets of $3.1 billion, provides a relationship-based and highly personal banking experience to small to mid-sized private businesses, professionals, and individuals. Focused on delivering superior flexibility, responsiveness, and customer service, CapStar serves customers through highly skilled employees, digital channels, as well as 23 financial centers across 13 Tennessee counties. For more information about CapStar, please visit www.capstarbank.com.

For more information, contact:
Nicole Gibbs, (423) 457-4579, nicole.gibbs@capstarbank.com

FAQ

What is CapStar Bank’s recent SBA lender ranking in Tennessee?

CapStar Bank is ranked as Tennessee’s third largest Small Business Administration (SBA) lender.

How much has CapStar Bank’s GGL division grown since last year?

CapStar Bank's GGL division has experienced nearly 70% growth compared to the previous year.

How many jobs did CapStar Bank protect during the pandemic?

CapStar Bank protected over 26,000 jobs during the COVID-19 pandemic.

When was CapStar Bank’s GGL division established?

CapStar Bank’s Government Guaranteed Lending division was established in early 2018.

What distinguishes CapStar Bank in the SBA lending space?

CapStar Bank has surpassed over 130 banks and is recognized for quality service and leadership in processing SBA loans.