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November 21, 2017SBA Recognizes Berkshire Bank as #1 Small Business Lender in Capital District for 3rd Year in a Row
The United States Small Business Administration (SBA) recognized Berkshire Bank for the 3rd year, as the “Top SBA Lender” for fiscal year 2017 in the Capital District New York Region within the large community lender group. Berkshire totaled 90 loans for small businesses in the Capital District New York Region for $12.493 million.
The U.S. Small Business Administration Syracuse District reported that small business owners received 747 loans supporting over $183 million in fiscal year 2017 (October 1, 2016 through September 30, 2017) through its business loan programs.
Berkshire Bank was responsible for 171 7(a) loan approvals totaling more than $19 million at the district level. 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 these SBA programs and services, the Albany office can be reached at (518)-446-1118.
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)-729-1422.
