SBA thanks lenders for their support of Indiana small businesses at an awards luncheon in Speedway

Release Date: 
Friday, December 7, 2018
Release Number: 
1272018
Advisory Date: 
Friday, December 7, 2018
Contact: 
Laura Schafsnitz, SBA Indiana Public Affairs

INDIANAPOLIS – The SBA Indiana District Office recognized nine financial institutions for their work with small businesses at their annual Lenders Forum on December 6th.  The awards luncheon and training was held at Speedway Indoor Karting owned by local entrepreneurs Andy and Sarah Fisher O’Gara.  The event was hosted by SCORE, one of three SBA resource partners with locations throughout Indiana providing free small business mentorship and counseling services.

“This is our way of saying thank you to lenders who work so hard helping Indiana entrepreneurs achieve their small business dreams,” said SBA Indiana District Director Stacey Poynter.  “SBA loan guaranty programs provide federal support for loans, which encourages financial institutions to lend money to companies with challenges obtaining credit in the conventional market.  During FY 2018, SBA guaranteed 1,518 loans in Indiana providing more than $601 million to small businesses located in the state.   This reflects the strong partnerships SBA enjoys with lenders and their dedication to powering the American dream to the benefit of small business owners.”

Awards were presented to:

504 CDC Lender of the Year  -- Indiana Statewide CDC

Regional Lender— Gold -- The Huntington National Bank

Regional Lender—Silver -- Chase Bank

Regional Lender— Bronze -- KeyBank

Community Lender— Gold  -- 1st Source Bank

Community Lender— Silver -- Lake City Bank

Community Lender— Bronze -- Centier Bank

Mission Lender  -- Bankable

Third Party Lender -- First Merchants Bank

Throughout the United States, the SBA guaranteed over $30 billion dollars through more than 72,000 approved loans to small businesses that otherwise would not have had access to capital.   To find out more about SBA loan programs and lenders looking wok with small businesses go to www.sba.gov/lendermatch.

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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.