SBA Indiana District Office awards area lenders for their work providing capital to Hoosier entrepreneurs

Release Date: 
Thursday, December 21, 2017
Advisory Date: 
Thursday, December 21, 2017

INDIANAPOLIS – The SBA Indiana District Office recently recognized nine financial institutions with awards at their annual Lenders Forum held at Speedway Indoor Karting December 6th.  

"This is our way of saying thanks to lenders who work so hard helping Hoosier Entrepreneurs achieve their small business dreams," said SBA Indiana District Director Stacey Poynter.  "SBA loan guaranty programs, like the 7(a) and 504, provides federal support for loans, which encourages financial institutions to lend money to companies with challenges obtaining credit in the conventional market.  In Indiana, the SBA approved 1,539 loans in the 7(a) and 504 programs in FY17, providing more than $601 million to small businesses throughout the state. Both the number of loans and total dollar amount showed increases over 2016 figures, reflecting the strong partnerships SBA enjoys with lenders, to the benefit of small business owners.  In fact, this was the most dollar volume lent to small business in the history of the loan program in Indiana," Poynter said.

Awards were presented to Flagship Enterprise Center Indiana, First Merchants Bank, Premier Capital Corporation, Horizon Bank, MainSource Bank, 1st Source Bank, Key Bank, Chase Bank, and The Huntington National Bank.

Throughout the United States, SBA approved over 68,000 loans in the 7(a) and 504 loan programs in FY17.  These programs provided over $30 billion to small businesses. For more information on SBA Loan programs and resources, visit the SBA Indiana District website at www.sba.gov/in . 

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Since 1953, the Small Business Administration (SBA) has provided access to capital, small business support, economic development, and job creation for small businesses. The Indiana District Office delivers a variety of programs and services to the Hoosier State’s 92 counties, including startup and operational assistance through training and counseling; financial assistance; and business opportunities, such as government contracting, subcontracting, and procurement.

 

 

For media inquiries, please contact Laura Schafsnitz, Indiana District Office Public Affairs at laura.schafsnitz@sba.gov .

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