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Lending / The Ticker

Only 1 mortgage company makes Black Enterprise 100 list

Another big year for ULS

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For 2014, there is still only one mortgage company that made the Black Enterprise 100 list.

Every year Black Enterprise Magazine releases their BE 100 list, which ranks the top black-owned businesses in the U.S.

Urban Lending Solutions, which provides a suite of mortgage-related services, was listed at number 19 on the list, down from 16 the year before. Revenue at the company last year was $168.6 million.

Real estate developer and manager, The Peebles Group, was ranked at 46, up from 96 the year before, with $82.5 million. A similar company, Roberts Brothers Property and Development, came in at 69 on the list.

In order to be considered for the list, a company must be at least 51% black-owned and operated.

According to a release from ULS, the BE 100 is one of the most respected measures of black-owned business performance in the United States.

“When I see ULS getting recognized in Black Enterprise Magazine, I’m very proud,” said Chuck Sanders, CEO of ULS. “I’m proud because the kids growing up in my neighborhood could say, ‘We can do that, too. We can be the owner of the next multi-million dollar company!’”

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