Saratoga National Bank and Trust Company has become a U.S. Small Business Administration (SBA) Preferred Lender under the agency’s Preferred Lender Program.
Under the SBA Preferred Lenders Program, Saratoga National Bank and Trust Company has been delegated full authority by the SBA to approve loans, resulting in faster service to local small business owners in need of capital. Under the new lending authority, Saratoga National Bank and Trust Company is now able to process, close, and service SBA loans.
SBA Syracuse District Director Bernard J. Paprocki said, “Only the most active and expert lenders qualify for SBA's premier streamlined lending program. We are pleased to add Saratoga National Bank and Trust Company to our list of Preferred Lenders. This status will allow them to assist even more small businesses in communities where they have a presence.”
Albany SBDC Business Advisor Earns National Recognition
John Skrobela of the SBDC University at Albany received the Association of Small Business Development Centers coveted "State Star" Award in recognition of his contributions to the New York State SBDC program. Skrobela was recently presented with the award among his peers at the Association's Annual Conference in New Orleans, LA.
The award is given annually to an outstanding SBDC Business Advisor from each state. Criteria include showing a strong commitment to small business success; making significant contributions to the state SBDC program; and being an exemplary performer. Recipients are also selected based in part on consistently high evaluations provided by clients served.
“It is truly an honor to accept this year’s award, and it is definitely a testament to the larger work being done by the NYS SBDC and the University at Albany to promote local growth in the economy” said Skrobela. “I really believe in the value of the work being done at our center to make sure local businesses are empowered to access financing where available, and more importantly, to access resources and information when needed.”