News
December 14, 2016SBA Recognizes Berkshire Bank as #1 Small Business Lender in Capital District
The United States Small Business Administration (SBA) recognized Berkshire Bank, America’s Most Exciting Bank®, as the “Top SBA Lender” for fiscal year 2016 in the Capital District of New York within the large community lender group. Berkshire totaled 162 loans for small businesses in the Capital Region for $12.377 million.
The U.S. Small Business Administration reported that Syracuse District small business owners received 963 loans supporting over $151 million in fiscal year 2016 (October 1, 2015 through September 30, 2016) through its business loan programs.
Berkshire Bank was responsible for 282 7(a) loan approvals totaling more than $18 million at the district level, doubling the $9 million in approvals from the previous fiscal year. These SBA loans can make a significant difference, particularly to the communities that use these small dollar loans more frequently. The Syracuse District Office distributes the SBA’s various programs and services to 34 counties in Central New York. For more information about SBA programs and services, call the Albany office at (518)-446-1118 x231.
Berkshire Bank is a preferred Small Business Administration (SBA) lender, works closely with the New York Business Development Corporation (NYBDC), is a participant in the Massachusetts Treasurer’s Office Small Business Partnership Program and offers a full suite of financial services for small businesses. Berkshire’s Small Business division is dedicated to helping business customers grow their companies and invests in the surrounding communities to help strive for success.
Berkshire has a team of dedicated small business banking professionals located in every region throughout its footprint trained to help customers find the best combination of services to make their businesses prosper, today and in the future. For more information regarding Berkshire Bank’s Small Business Lending programs, contact the Commercial Lending group at (518) 729-1435.
