Top 2014 SBA Lenders in Tampa Bay from sbdctampabay.com
The List of Top Performing Lenders
The Small Business Administration (SBA) has recently released its list of the top performing lenders in Upstate New York for the fiscal year 2014. The list includes both national and regional lenders who have demonstrated excellence in providing financial assistance to small businesses in the region. The top performing lenders in Upstate New York are as follows:
1. M&T Bank
M&T Bank is the top performing lender in Upstate New York for fiscal year 2014. The bank has provided loans worth $130 million to small businesses in the region. M&T Bank has been recognized by SBA for its excellent performance in providing financial assistance to small businesses.
2. KeyBank
KeyBank is the second top performing lender in Upstate New York for fiscal year 2014. The bank has provided loans worth $115 million to small businesses in the region. KeyBank has been recognized by SBA for its outstanding performance in providing financial assistance to small businesses.
3. Community Bank
Community Bank is the third top performing lender in Upstate New York for fiscal year 2014. The bank has provided loans worth $82 million to small businesses in the region. Community Bank has been recognized by SBA for its remarkable performance in providing financial assistance to small businesses.
The Importance of Small Business Lending
Small businesses are the backbone of the American economy. They create jobs, drive innovation, and contribute to economic growth. However, small businesses often face challenges in accessing capital, which is essential for their growth and success. This is where small business lending comes in. Small business lending is the practice of providing financial assistance to small businesses. Lenders provide loans, lines of credit, and other financial products to help small businesses grow and thrive. Small business lending is crucial for the success of small businesses, as it enables them to access the capital they need to invest in their operations, hire employees, and expand their businesses.
The Role of SBA in Small Business Lending
The Small Business Administration (SBA) is a federal agency that provides support to small businesses in the United States. One of the key services provided by SBA is small business lending. SBA works with lenders to provide guarantees on loans made to small businesses. These guarantees reduce the risk for lenders, making it easier for them to provide loans to small businesses. SBA also provides training, counseling, and other resources to small businesses to help them succeed. SBA's mission is to help small businesses start, grow, and succeed.
The Impact of Top Performing Lenders
Top performing lenders play a critical role in providing financial assistance to small businesses. These lenders have demonstrated excellence in providing loans and other financial products to small businesses. They understand the needs of small businesses and work closely with them to provide the funding they need to grow and succeed. Top performing lenders have a significant impact on the economy of Upstate New York. They help small businesses create jobs, drive innovation, and contribute to economic growth. By recognizing and rewarding top performing lenders, SBA encourages lenders to continue providing excellent service to small businesses in the region.
The Future of Small Business Lending
The future of small business lending looks bright. With the support of SBA and top performing lenders, small businesses in Upstate New York have access to the capital they need to grow and succeed. The continued growth and success of small businesses will drive economic growth and create jobs in the region. In conclusion, the list of top performing lenders in Upstate New York for fiscal year 2014 is a testament to the importance of small business lending. Small businesses are the backbone of the American economy, and small business lending is crucial for their success. The Small Business Administration and top performing lenders play a critical role in providing financial assistance to small businesses, driving economic growth, and creating jobs in Upstate New York.
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