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Wells now the king of SBA lending

Wells Fargo, which operates in Wichita as Wachovia bank, has assumed the spot as the country’s biggest SBA lender.

That’s according to a Forbes story, and based off of research by Foresight Analytics.

The story says that Wells, which has 7.7 percent of the country’s market share in SBA loans, moved up to the top spot because of CIT Group’s struggles with heavy debt.