Centier gained recognition from the U.S. Small Enterprise Administration for its lending final yr.
The Merrillville-based financial institution, the biggest privately owned financial institution within the state, gained a Group Lender Award and a Third Occasion Lender Award from the SBA’s Indiana District Workplace.
“We couldn’t have achieved these file numbers with out the arduous work and dedication to small enterprise progress from our SBA lending companions like Centier Financial institution,” mentioned Stacey Poynter, SBA’s Indiana District Director. “We’re grateful for his or her assist and stay up for the continued progress of this collaborative partnership.”
The Small Enterprise Administration helps entrepreneurs begin and develop their companies similar to by connecting them to lenders, sources and neighborhood teams.
Final yr, the SBA assisted Indiana companies in securing $925 million in financing via its low-interest 7(a) and 504 mortgage packages that goal to assist entrepreneurs succeed. That was a rise of $15 million as in comparison with the earlier yr.
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504 mortgage quantity rose by 32% year-over-year.