The Indiana Statewide Certified Development Corporation has named The Farmers Bank of Frankfort as Indiana’s Small Business Lender of the year. The distinction goes to the Indiana bank allocating the biggest percentage of its deposits to US Small Business Administration 504 loans.
Farmers Bank senior vice president Bradley Cunningham accepted the award at the ISCDC annual meeting Tuesday night in Indianapolis. Kentland Bank was named runner-up. A total of 24 banks competed for the award.
ISCDC led Indiana CDC’s by providing 50 SBA 504 loans for more than $35 million to companies across the state.