One Bank Fulfills over Half of USDA Business Loans

Cogent Bank obligated more business loans guaranteed by the U.S. Department of Agriculture by dollar volume and quantity than any other lender in Florida during the state’s 2022 fiscal year.

In dollar volume, Cogent accounted for 59% of all Florida approved loans. In quantity, Cogent’s approvals were 64% of all approved loans in Florida.

USDA business loans focus on elevating small businesses and job formation, and can be used for business modernization; development or repair; commercial real estate purchases; machinery, equipment and supplies; debt refinancing; and business acquisition, creating or saving jobs.

Cogent is a state-chartered bank that has operated as a full-service business and personal bank since 2001. Cogent has more than $1 billion in total assets. Based in Orlando, the company has banking centers in North, Central and Southwest Florida, offering a broad range of lending, depository, treasury management and mobile banking services. To learn more, visit www.cogentbank.com.