1st Source Receives SBA Community Bank Award
At December’s annual meeting for the Indiana District of the U.S. Small Business Administration (SBA), 1st Source Bank received the "Gold Level Award" for the Community Bank lender’s category for the fifth year in a row. Among Community Banks with less than $10 billion in assets, the award honors 1st Source Bank as #1 for delivering the greatest number of SBA loans in Indiana in 2017, helping Indiana small businesses with 156 loans during this twelve-month period.
Bank President James Seitz commented, "Winning this award validates that our extensive focus in helping Small Business customers grow and prosper has been well received in our market. By using the resources available from the SBA, we are able to provide valuable assistance in quickly meeting the financing needs of small businesses in our communities."
Established in 1953, the U.S. SBA is an independent agency of the federal government to help Americans start, build and grow businesses. 1st Source Bank is designated as a "preferred SBA lender," which enables the Bank to process SBA loans faster than non-preferred SBA lenders. 1st Source Bank has devoted over 150 years to serving small businesses and maintains a dedicated SBA Department to ensure the highest level of service to our clients.
The combination of the award and preferred lender status reflects proof of 1st Source Bank’s genuine commitment to helping Indiana small businesses realize their potential. 1st Source Bank’s SBA lending team is led by Carrie Kosac who attended the SBA Indiana Lender Award Ceremony on behalf of the Bank.