Leader Bank Named Lender of the Year to Veterans in Massachusetts for 2018 by the U.S. Small Business Administration
On the eve of Veterans Day, Leader Bank, N.A. is pleased to announce that the Small Business Administration (SBA) has named the Bank as Lender of the Year for Veteran Entrepreneurs for fiscal year 2018 in Massachusetts. At its annual awards ceremony on Friday, November 9, the Massachusetts District Office of the SBA recognized Leader Bank for its commitment to small business loans to veterans throughout the Commonwealth.
“We are honored to be the top SBA lender to veterans in Massachusetts” said Mr. Tuli. “As we commemorate Veterans Day and remember the sacrifices that men and women in uniform have made for our country, Leader Bank is privileged to help give back to our veterans by providing them the funding they need to make their businesses thrive and grow. We are proud to work with the SBA to be one of the top lenders to small businesses, and look forward to continuing our partnership for years to come.”
In addition to being named the No. 1 lender for Veterans in the state, Leader Bank also ended fiscal year 2018 as one of the top five SBA 7(a) lenders in Massachusetts, closing 70 such loans and lending over $8 million dollars to help entrepreneurs start or grow their businesses. These loans help small businesses by providing needed working capital, financing acquisition of property or equipment, funding the purchase of existing businesses or refinancing higher cost debt. Leader Bank has also been a proud member of the Small Business Banking Partnership with the Massachusetts Department of Treasury since April 2011, lending over $67 million to Massachusetts businesses across nearly 500 loans and helping to create or save almost 1,375 jobs in that time.
About Leader Bank
Founded in 2002, Leader Bank is a Massachusetts-based entrepreneurial financial institution that approaches banking differently. The core tenets of Leader Bank include world-class client service, exemplary products, and innovation to meet the needs of its clients. At its founding, Leader Bank had $6.5 million in assets – in the two decades since, the Bank has grown into one of the most successful financial institutions in the Commonwealth with $4 billion in assets. Leader Bank’s team members have been at the forefront of supporting the Bank’s rapid growth and client-oriented solutions over the last two decades as the Bank has expanded its commercial and retail products and solutions. Leader Bank is a committed corporate citizen and prides itself on partnering with and supporting philanthropic organizations. More information on Leader Bank can be found at www.leaderbank.com.
