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SBA Announces Top Minnesota Lenders, to Present Awards

Release Date: 
Friday, September 1, 2017
Release Number: 
17.20.MN
Contact: 
Sarah Swenty, (612)370-2316, sarah.swenty@sba.gov

MINNEAPOLIS–-SBA is honoring 11 lenders throughout Minnesota for their commitment to helping small businesses succeed from July 1, 2016, to June 30, 2017.  SBA’s Minnesota District Director Nancy Libersky will present the awards at the 5th Annual Lenders Conference at the Marriott Northwest in Brooklyn Park, Minnesota, on September 7, 2017. 

SBA’s ability to help small businesses access capital is tied to the country’s lending institutions and its partners’ ability and willingness to loan money. SBA doesn’t lend the money directly to entrepreneurs to start or grow a business, but sets the guidelines for loans made by its partners (lenders, community development organizations and micro-lending institutions). SBA guarantees that these loans will be repaid, which eliminates some of the risk to the lending partners.

“Minnesota is truly fortunate to have so many banks working across the state to help small businesses access the capital they need to start, grow and succeed,” says Nancy Libersky, SBA’s Minnesota District Director. “SBA loan programs help them be an even greater asset to their communities by guaranteeing large portions of their small business loan portfolios.  As we honor these 11 banks for their SBA successes, we also thank all of SBA’s banking partners here in Minnesota.”

The complete list of the 2017 SBA Minnesota Lenders Awards is:

  • SBA Minnesota Credit Union ………………

Central Minnesota Credit Union

  • SBA Minnesota Lender …...…………….…..
    (Assets <100MM)

Financial Security Bank

  • SBA Minnesota Lender  .……………………
    (Assets 100MM > 500MM)

21st Century Bank

  • SBA Minnesota  Lender .……………………
    (Assets 500MM > 1B)

Venture Bank

  • SBA Minnesota Lender……………...………
    (Assets > 1B)

KleinBank

  • SBA Minnesota National Lender…………...

Wells Fargo Bank,
National Association

  • SBA Minnesota Export Lender …………....

Platinum Bank

  • SBA Minnesota Third Party Lender …...….

BankVista

  • SBA Minnesota CDC…………………..……
    (Job Creation)

504 Corporation

  • SBA Minnesota CDC………………………...
    (Loan Volume)

Minnesota Business
Finance Corporation

  • SBA Minnesota Microlender………………..

Entrepreneur Fund

Data obtained for the 5th Annual Minnesota SBA Lender Awards was taken from the Small Business Administration’s Minnesota District Office loan volume dashboard. Loan information was collected from July 1, 2016, to June 30, 2017 with awards based on number of guaranteed approved loans.

ABOUT THE U.S. SMALL BUSINESS ADMINISTRATION

The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, preserve free competitive enterprise and maintain and strengthen the nation’s overall economy. Its mission remains to help Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, the SBA serves people in 68 districts throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. For more information on SBA programs and services in Wisconsin, go to www.sba.gov/mn.

 

                                                                                                

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