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ACCION East Awarded Lender of the Quarter for Q3 of FY19

Release Date: 
Wednesday, October 30, 2019
Release Number: 
20-1
Contact: 
norman.eng@sba.gov, 617-565-8510

BOSTON – ACCION Serving the East Coast has been awarded the Small Business Lender of the Quarter for the 3rd quarter of fiscal year 2019 for their excellent lending activity.

As a statewide SBA micro lending intermediary, Accion made 14 microloans during the third quarter which represents a 175% increase from the previous quarter. Their total loan production in both units and dollars, as of the end of the third quarter exceeds their loan production for fiscal year 2018.  

“Congratulations to the team at ACCION East for their excellent activity in the third quarter of FY2019,” said Robert Nelson, SBA Massachusetts District Director.  ”As a mission-based nonprofit lender – ACCION takes special care empowering women, minorities, veterans and other entrepreneurs who have a tougher time getting an approval in traditional markets.  We applaud the team’s meaningful impact in helping to support vibrant main street communities.”

 

 

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About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

 

About ACCION Serving the East Coast

As a member of Accion’s nationwide network of lenders, Accion Serving the East Coast empowers small business owners through access to capital and education. We offer affordable business loans, complemented by in-depth guidance, coaching and an entire support system of peers, mentors and resources. To learn more, visit us.accion.org/region/the-east-coast.