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Meadows Bank Awarded SBA Nevada 504 Third Party Lender of the Year

SBA Nevada 504 Third Party Lender of the Year

Total number of loans

1st Place - Meadows Bank

 

SBA Nevada Lender of the Year

Total number of loans

3rd Place - Meadows Bank

 

SBA will honor lending institutions in Nevada, with special recognition for top lenders in several categories during the Small Business Awards luncheon on May 5 at the Smith Center.  Every year SBA recognizes lenders that are helping small businesses access the capital they need to drive the economy.  To assist with this, SBA guarantees loans the lending institutions provide to these small businesses. SBA-backed loans are proven tools lenders can use to help small businesses grow while reducing their own risks.

 

“During the pandemic, we saw Nevada lenders step up significantly with the Payment Protection Program (PPP), working late at night and through weekends and holidays, and their efforts helped save thousands of Nevada small businesses and jobs. In addition to the PPP, they also worked hard to keep up with SBA’s standard loan products,” says Saul Ramos, Acting SBA Nevada District Director. “Although SBA guarantees the loans, it is ultimately the lending institutions that put capital in the hands of business owners.   Those loans aid entrepreneurs to launch or grow their business, improve their lives, and create a vibrant community. We are truly grateful for the commitment these lenders made in providing needed financing to small businesses and look forward to the continued growth of this collaborative partnership.”

 
 
 

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