Berkshire Bank Recognized as Lender of Quarter by SBA
PITTSFIELD — Berkshire Bank has been named the Small Business Lender of the Quarter by the U.S. Small Business Administration (SBA) for the first quarter of fiscal year 2015.
During the SBA’s first quarter — Oct. 1, 2014 to Dec. 31, 2014 — Berkshire had 22 SBA loan approvals in Massachusetts, tying it as the third-most-active lender out of 84 lenders. During fiscal year 2014, Berkshire had 26 7(a) loan approvals for small businesses in the Pioneer Valley and Berkshire County, totaling $2.139 million. Also, Berkshire was ranked 13th by the SBA across all of Massachusetts in its 7(a) Loan Guaranty Program in 2014.
“Congratulations to the entire Berkshire Bank team for being named our Small Business Lender of the First Quarter,” said Robert Nelson, Massachusetts SBA district director. “Our continued economic expansion is dependent on lenders such as Berkshire Bank supporting the small-business community — which is why we are so very happy to applaud the bank on this recognition.”
Berkshire Bank is a preferred SBA lender and is a participant in the Massachusetts Treasurer’s Office Small Business Partnership Program, offering a full suite of financial services for small businesses.
