December 14, 2007
Natick Bank Tops In SBA Export Lending
By Matthew L. Brown
The U.S. Small Business Administration has recognized Natick-based Middlesex Savings Bank as the top Massachusetts SBA lender to businesses involved in international trade.
The SBA's Massachusetts district office announced its lender awards recently, and said 15.2 percent of Middlesex Savings' 2007 loan approvals were to firms that export.
In all, the SBA partnered with 119 lenders in Massachusetts this year, and guaranteed a total of 2,213 loans totaling $310 million.
Citizens Bank approved 384 SBA loans, making it the top SBA lender in Massachusetts in number of loans. But Sovereign Bank approved $17 million in SBA loans, making it the top lender in total dollars.
The SBA's Massachusetts district office announced its lender awards recently, and said 15.2 percent of Middlesex Savings' 2007 loan approvals were to firms that export.
In all, the SBA partnered with 119 lenders in Massachusetts this year, and guaranteed a total of 2,213 loans totaling $310 million.
Citizens Bank approved 384 SBA loans, making it the top SBA lender in Massachusetts in number of loans. But Sovereign Bank approved $17 million in SBA loans, making it the top lender in total dollars.
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