SARATOGA SPRINGS – The Adirondack Trust Company announced this week that 2017 has been a successful year for lending through the U.S. Small Business Administration (SBA).
For the year ending Sept. 30, Adirondack Trust approved 42 SBA 7(a) loans, amounting to more than $3.45 million. This makes it the top lender in Saratoga and Warren Counties as a locally headquartered, community bank.
In addition to helping business owners achieve their financial goals, the Adirondack Trust Company’s SBA lending program assisted in creating 101 new jobs across 20 businesses in the region, putting more dollars into more local pockets.
In 2014, another milestone year, Adirondack Trust transitioned from an SBA Small Community Bank Lender to a Large Community Bank Lender, which includes banks in the Capital Region with $1 billion to $10 billion in assets.
The SBA Capital Region division covers Albany, Clinton, Columbia, Essex, Greene, Rensselaer, Saratoga, Schenectady, Schoharie, Warren and Washington counties.
For more information, visit the bank’s website at www.AdirondackTrust.com.
