NEW YORK, April 25 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE:
BBT) today was named as a 2008 U.S. Small Business Administration (SBA)
Export Lender of the Year. BB&T officials accepted the award here on the
final day of the SBA's annual National Small Business Week.
The award goes to the lender that generates the most SBA-guaranteed
international loans in the previous fiscal year and for "steadfast
commitment to supporting the growth and expansion of small businesses
across the country, even beyond the scope of SBA loans," the SBA said.
"We're very proud to be recognized by the SBA for helping a large
number of U.S. small businesses drive the global economy and create jobs
for so many Americans," said Mark Edwards, president of BB&T's SBA Group.
"We have a talented team of professionals who believe in the vital role
small businesses play and are committed to earning the right to be their
trusted financial partners."
U.S. small businesses represent more than 99 percent of all employers,
provide 60 to 80 percent of new jobs, and "generate a majority of American
innovations," the SBA said. This year's 45th annual National Small Business
Week recognized the nation's nearly 27 million small businesses, including
the Small Business Person of the Year.
BB&T's Atlanta-based SBA Group supports BB&T's 33 community bank
regions with SBA-lending guidance and products for the bank's small
business clients and prospects.
The SBA Group also operates a national SBA lending team, which serves
veterinary, dental, franchise child care, and hospitality businesses among
other industry segments. Its international SBA loan programs include Export
Express, Export Working Capital and International Trade.
The U.S. Small Business Administration annually ranks BB&T as one of
the nation's top "small business-friendly" financial holding companies, a
measure of how well it is meeting the credit needs of small companies.
With $136.4 billion in assets, Winston-Salem, N.C.-based BB&T
Corporation (NYSE: BBT) is the nation's 14th largest financial holding
company. It operates nearly 1,500 financial centers in 11 states and
Washington, D.C. More information about the company is available at
BBT.com.
SOURCE BB&T Corporation
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Related links:
http://www.BBT.com
http://www.prnewswire.com/comp/809325.html /
CONTACT:
Mark Edwards, President, BB&T SBA Group,
+1-770-901-3284, or Jeff Nichols, Vice President, BB&T Corporate
Communications, +1-336-733-1472
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