NORTH BAY – According to data from both the Federal Reserve and the Small Business Administration, the slowdown in commercial lending is beginning to reverse itself.
The Fed shows an increase of 7.6 percent in commercial and industrial lending in the last month throughout the United States — that is the first increase in two years.
SBA loans doubled nationwide in the first fiscal quarter of 2011, said Mark Quinn, district director of the SBA covering the greater Bay Area.
In the North Bay, the numbers were even higher.
In the first quarter of 2011, $37.1 million in SBA loans were made in the North Bay. That is more than three times the $12.2 million made in the same quarter of last year.
“The big increase that happened of course with the first quarter of 2010 and 2011 was the Recovery Act and the Jobs Act,” Mr. Quinn said. “The difference with the jobs act is that while it had the same features and incentives as the recovery act, people thought it would expire and pushed deals through.”
He said because of that, lending volume likely will go down immediately.
“But at the same time, when lending goes up three times in the same quarter you have to look at this as a positive direction,” he said.
Following are many of the leading professionals in commercial lending across the North Bay.
(Listed alphabetically by institution name. Click here for photo gallery.)
AltaPacific Bank, 3725 Westwind Blvd., #100, Santa Rosa 95403, apbconnect.com, 707-543-2704
Larry Tidwell is the executive vice president in the real estate industries group at AltaPacific Bank in Santa Rosa and is in charge of all construction lending. He has been in that position since April of 2009.
Previously he was at Temecula Valley Bank, also as the executive vice president in the real estate industries group in charge of all construction lending.
Born in Roswell, N.M., 65-year-old Mr. Tidwell moved to the North Bay in 1982 and has lived in Novato since 1995. He likes to spend time with his wife and two daughters when not in the office.
“My biggest accomplishment has been my ability to increase and retain my customers over the last 15 years,” he said. He hopes to continue helping customers achieve their goals for the next 15 as well.
AltaPacific Bank was founded in 2006. The 16-employee bank has assets totaling $79 million and is looking for growth opportunity through an acquisition.
American AgCredit, PO Box 1120, Santa Rosa 95402 , agloan.com, 707-545-1200
Bill Rodda started his 25-year Farm Credit career in 1981 with Farm Credit at the Sacramento Bank for Cooperatives. He joined North Coast PCA in 1984 as an AVP in the St. Helena branch.
After a five-year stint as a branch manager for a commercial bank, he rejoined American AgCredit in 1993. After 17 years as a vice president in the Vineyard & Winery Finance Group in Santa Rosa and Capital Markets, Mr. Rodda was promoted this year to vice president and branch manager of the Santa Rosa branch and VP Portfolio Manager for the Capital Markets Group.