Savings Bank of Danbury awarded SBA’s Lender of the Quarter

u s small business administration

NEWS RELEASE

PRESS OFFICE

 

Release Date: July 31, 2019

Release Number: CT19-10

 

 

Contact: Moraima.gutierrez@sba.gov

www.sba.gov/ct

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Savings Bank of Danbury awarded SBA's

Lender of the Quarter 

3rd Quarter 2019

CONNECTICUT – Savings Bank of Danbury has been selected as SBA’s Lender of the Quarter for the third Quarter of fiscal year 2019.

This award was presented to Savings Bank of Danbury in recognition of their excellent SBA activity for the third quarter. From April 1, 2019 through June 30, 2019 Savings Bank of Danbury had four SBA loan approvals. The bank’s SBA lending performance through the first three quarters has surpassed all the loan approvals they had for their entire lending activity for Fiscal Year 2018! Savings Bank of Danbury has also participated in three SBA 504 loans. Congratulations to Savings Bank of Danbury!

“Congratulations to the entire small business lending team at Savings Bank of Danbury on being named SBA Lender of the Quarter. This award is presented to a lender for standing out against its peers across the state. The bank's rank demonstrates an extremely strong commitment to the small business community” said Anne Hunt, SBA Connecticut District Director.

”Small Businesses are the cornerstone of the economy and Savings Bank of Danbury is committed to supporting growth in our local communities. SBA lending programs have so many great advantages for business owners and we are proud to partner with the SBA as a preferred lender” said Patrick Kelley, SVP-Senior Commercial Lender Savings Bank of Danbury.

The SBA offers a variety of loan guaranty programs including 7(a), SBA Express, and CDC/504 Loans. SBA loans are guaranteed up to $5 million and are available for most business purposes, such as purchasing commercial real estate, equipment and inventory, or for providing short-term working capital. For more information about SBA, visit www.sba.gov/ct.

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About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.