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.
Mechanics Bank, 433 Soscol Ave., #B-161, Napa 94559, mechbank.com, 707-256-4343
Scott McAdams, regional manager at Mechanics Bank for the Napa Valley, has been with the bank for 30 years.
“I started rolling coins there in high school,” said the 46-year-old. After high school, he studied business management at CSU, Sacramento. He worked as a teller while he was in school, and when he finished his degree he went through the management training program with the bank. He managed several retail branches and after 15 years
transferred to corporate banking. The bank helped him get an MBA at CSU, Hayward (Cal State East Bay).
He said he prides himself on being able to balance work and life. “I stay active with my kids, I golf and water ski,” he said. He has three children, all girls, the oldest and youngest of which he is active in coaching softball.
Mechanics Bank was founded in 1905. Of the 680 employees, about 20 live in the Napa Valley.