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SBA Recognizes Outstanding Great Lakes Lenders
DETROIT – The U.S. Small Business Administration presented regional lenders awards at the Great Lakes Lenders Conference today. The Cleveland, Columbus, Indiana, and Michigan SBA District Offices cosponsored the second annual Great Lakes Lenders Conference which was held in Detroit on July 31st and August 1st. The event featured nationally recognized experts in SBA lending.
“We value our lending partners and are pleased to recognize outstanding lender performance in the three states of Ohio, Indiana, and Michigan,” said Michigan SBA District Director Gerald Moore. Two SBA districts offices in Ohio and one each in Indiana and Michigan nominated winners in the four categories. Final selections were selected by the four SBA District Directors. The awards include the following categories.
504 Lender of the Year Award – First Merit Bank
This award is presented to the lender that provided the best overall support for the 504 loan program in Indiana, Michigan, and Ohio. Finalists included Park National Bank, First Merchants Bank, and Chase.
Diversity Lender of the Year Award – Chase Bank
This award is given to the lender that best supported diverse small businesses including minorities, women, and veterans. Loan volume, dollar amount, the percentage of total SBA loans made, and sponsorship of community events are also factors for consideration of this award. Finalists included Huntington Bank, 1st Source Bank, and Comerica Bank.
Community Lender of the Year Award – First Source Bank
This award is presented to a community bank with the best overall performance among community lenders with assets under $1 billion in Indiana, Ohio, and Michigan. Factors considered were total loan volume, comparison with historical performance, and overall coverage of their service area. Finalists included Telhio Credit Union, Lorain National Bank, 1st Source Bank, and Lake Michigan Financial.
Great Lakes Lenders Conference Lender of the Year Award – The Huntington National Bank
This award is presented to the financial institution that has demonstrated the best overall performance. Each of the four SBA District Offices nominated The Huntington National Bank for the organization’s commitment to financing small businesses by using SBA loan products throughout Indiana, Michigan, and Ohio.
For more information, please call the Michigan District Office at (313) 226-6075 or visit our Web page at www.sba.gov/mi.