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SBA Honors Minnesota Banker for Helping Veterans Start and Grow Small Businesses

Release Date: 
Monday, May 7, 2018
Release Number: 
Sarah Swenty, 612-370-2316,

MINNEAPOLIS The U.S. Small Business Administration (SBA) has named Dennis Welch, SBA division manager with Frandsen Bank & Trust, as the 2018 Minnesota Veteran’s Business Champion. Nominated by the Veteran’s Business Outreach Center (VBOC), Welch has proven his dedication to helping his fellow veterans succeed in the American Dream of business ownership.

As a veteran of the 82nd Airborne Division, Welch regularly speaks to groups of veterans looking to start or expand their current business. Speaking their language, his personality and quick wit put the veterans at ease and enable him to convey ideas and promote understanding of technical financial concepts to veteran audiences. His extensive financial background and experience provide a solid foundation for Welch to create viable financial solutions to some of the unique challenges that veterans face.

‘I truly appreciate Dennis’s support of veteran-owned small businesses.  He is a reliable source of financial information for Veterans, Guard, Reserve and their families, as well as the VBOC,” said Hazel Beck, Director, VBOC, Region V, Chicago. “He truly embodies the qualities that distinguish veterans as they continue to serve in their communities.”   

In addition to his work through his chosen field of banking, Welch promotes business development opportunities as a volunteer facilitator of the SBA Boots to Business/Reboot program, presenting the “Financing Your Venture’ module. Welch also participates in the US Army Reserve/National Guard Yellow Ribbon Reintegration Program.

The SBA Minnesota District Office, along with the SCORE Association, will honor all the 2018 winners at the Minnesota Small Business Week Awards Luncheon on May 11, 2018, at the Doubletree by Hilton Park Place in Minneapolis, Minn.

Registration is open for the event until May 8 at

For more information on Small Business Week, which is April 29 through May 5 this year, please visit


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 and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit