PITTSFIELD, MA, January 12, 2016, 2015 – The United States Small Business Administration recognized Berkshire Bank, America’s Most Exciting Bank®, in having made the most guaranteed loans within Vermont during fiscal year Oct. 1, 2014 through Sept. 30, 2015.
On December 10, the SBA hosted its Annual Meeting and Awards event at the Capitol Plaza in Montpelier, Vermont, showing an attendance of over 100 lenders from various financial institutions. Berkshire Bank was acknowledged by the Vermont District office for having the most guaranteed loans within the state, at 68 loans to close the fiscal year, as well as for supporting various SBA loan programs.
Darcy Carter, SBA Vermont District Director, stated that “Each financial institution that made an SBA loan in FY15 played a key role in supporting small business and economic development in Vermont.”
Vermont has seen a great increase in SBA loans from fiscal year 2014 to 2015. Small business loans have risen from 262 loans to 330 loans, a 26 percent increase. Vermont’s loan volume by dollars have shown an increase that proved to be third highest percentage in the nation, from $33.9 million to $53.5 million.
Berkshire Bank was also recognized as “Top SBA Lender” in the Capital and Central regions of New York and Western Massachusetts, as well as being awarded Lender of the Quarter award for 4th Quarter Fiscal Year 2015 in Connecticut, emphasizing the dedication of Berkshire Bank to fueling small businesses within all the communities they serve.
Berkshire Bank is a preferred Small Business Administration (SBA) lender, works closely with the New York Business Development Corporation (NYBDC), is a participant in the Massachusetts Treasurer's Office Small Business Partnership Program and offers a full suite of financial services for small businesses. Berkshire’s Small Business division is dedicated to helping business customers grow their companies and invests in the surrounding communities to help strive for success.
Berkshire has a team of dedicated small business banking professionals located in every region throughout its footprint trained to help customers find the best combination of services to make their businesses prosper—today and in the future. For more information regarding Berkshire Bank’s Small Business Lending programs, contact 800-773-5601. To contact commercial lending specifically within the Vermont region, call Dwight Williams, Business Banking Officer, at 802-549-5232 or email firstname.lastname@example.org.
About Berkshire Bank
Berkshire Hills Bancorp (NYSE: BHLB) is the parent of Berkshire Bank, America’s Most Exciting Bank®. The Company, recognized for its entrepreneurial approach and distinctive culture, has $7.8 billion in assets and 93 full service branch offices in Massachusetts, New York, Connecticut, and Vermont providing personal and business banking, insurance, and wealth management services. In 2015, Berkshire Bank was named one of Massachusetts’ Most Charitable Companies by the Boston Business Journal. To learn more, visit www.berkshirebank.com or call 800-773-5601. Berkshire Bank, is the official bank of NESN’s Boston Bruins coverage.
Heidi Higgins; Assistant Vice President, Marketing; 413-236-3756