Receives SBA Community Bank Gold Level Award for eighth consecutive year
The Indiana District of the U.S. Small Business Administration (SBA) recently announced 1st Source Bank has received the “Gold Level Award” in the Community Lender category for the eighth year in a row. The award honors 1st Source Bank for delivering the greatest number of SBA loans in the state of Indiana in 2020 among Community Banks with less than $10 billion in assets.
“Winning the Gold Level Award among Community Banks for an eighth year confirms that our strategic focus toward helping small business clients across Indiana grow and prosper is working,” states Ryan Bell, AVP, Small Business Market Manager for 1st Source Bank. “We’re honored our clients and small businesses across the state have chosen us as their trusted financial partner, and this award is welcome confirmation that we earned that trust through hard work and client support.”
Established in 1953, the U.S. SBA is an independent agency of the federal government helping 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 156 years to serving small businesses and maintains a dedicated SBA Department to ensure the highest level of service to our clients.