LOS ANGELES-The Lender Banking Report, issued by the US Small Business Administration, has named BFC SBA Lending as the top Los Angeles firm for SBA 504 loans. The report included both 504 and SBA-style loans. In 2013, the firm has closed $100.8 million in SBA 504 loans, ranking first in the city and second in the region, according to the report.

“We are pleased to be ranked at the top tier of SBA 504 firms in the Los Angeles District,” says Jacky Kim the executive director of BFC SBA Lending. “The SBA 504 program is a powerful economic development loan product that offers businesses the opportunity to own their own buildings, while advancing business growth and job creation.”

In total, BFC has closed 79 loans during the fiscal year. They partner with lenders to provide up to 90% financing in owner-user real estate transactions. As such, SBA loans are the only commercial loan to allow buyers to make a purchase with only 10% equity. Kim calls them “the lifeblood of commercial real estate.” Of the top 18 firms listed in the report, 521 loans were completed this fiscal year, totaling $415.7 million.