SFB Wins an SBA Volume Lender Award for Wisconsin
Article By: Becky Seelen, Director of Marketing & Corporate Communications for SFB
The U.S. Small Business Administration's (SBA) Wisconsin office recently recognized Security Financial Bank (SFB) with the Wisconsin SBA Volume Lender Award for FY2020. SFB had the most approved 7(a) loans for a financial institution with an asset size between $500 million and $1 billion in the state.
"At SFB, we take great pride in helping our business clients. When appropriate, we utilize SBA loans to provide responsible financing that helps these businesses grow," said SFB President & CEO Paul Rudersdorf.
In total, the SBA Wisconsin office is recognizing 16 lenders in 15 volume and specialty categories for FY2020 ending Sept. 30, 2020. Community-based lenders continued their strong support of SBA programs as the top lenders in seven asset categories under $5 billion.
"During this exceptional year, Wisconsin's lenders supported small businesses as they start, grow, and expand as well as recover from the COVID-19 pandemic," said Eric Ness, SBA's Wisconsin district director. "These top lenders provided more than 43% of SBA-backed traditional loan program dollars in Wisconsin last year. We congratulate them on their support for Wisconsin's small businesses and their dedication to using SBA-backed lending."
To read the full release from the SBA and see all the awardees, visit the SBA's website.