South Bend-based 1st Source Bank is the recipient of the Gold Level Award from the Indiana District of the U.S. Small Business Administration. The bank has received the award in the community lender category for eight consecutive years.
The award honors the bank for delivering the greatest number of SBA loans in the state 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.”
1st Source Bank is designated as a preferred SBA lender, which allows the bank to process SBA loans faster than non-preferred SBA lenders.