EUGENE, Ore.--(BUSINESS WIRE)--The United States Small Business Association data is in and Summit Bank has achieved the number one position in the State of Oregon as the Small Business Administration (SBA) top lender for production. In the SBA fiscal year, Summit Bank facilitated a total of $30,709,900 in 7(a) loans. This significant milestone underscores Summit Bank's dedication to supporting local small businesses throughout the State while fostering economic growth within Oregon communities.
With a proven track record of commitment to small businesses, Summit Bank has demonstrated exceptional expertise and dedication to date for the year in providing vital financial resources to entrepreneurs and enterprises. This accomplishment solidifies the bank's reputation as a trusted partner in the Oregon SBA business landscape.
According to Ashley Horner, Executive Vice President and SBA Division President of Summit Bank, "I couldn't be prouder of our exceptional team for their hard work and dedication that has led Summit Bank to achieve the distinction of being the top SBA lender in Oregon. In these challenging economic times, it's gratifying to assist small businesses in realizing their dreams and contributing to the local economy."
This accomplishment is particularly noteworthy as it is based on the gross 7(a) loans approved through August 6, 2023, and measures success within the SBA fiscal year that began on October 1, 2023. Summit Bank's success is a testament to its unwavering commitment to providing tailored financial solutions that cater to the unique needs of local businesses. By offering SBA loans and fostering relationships with entrepreneurs, Summit Bank has fueled growth and played a crucial role in strengthening Oregon's business landscape.
This achievement aligns with Summit Bank's core values, emphasizing community engagement, personalized service and a forward-thinking approach to banking. The bank's commitment to delivering exceptional financial services has garnered it a well-deserved reputation as a trusted advisor to businesses across the State.
Summit Bank looks forward to continuing its journey of enabling local businesses to thrive, providing the financial tools and resources to succeed in today's dynamic market. Summit Bank Group Inc., through its wholly-owned subsidiary Summit Bank, is a leading independent community bank providing outstanding service to professionals and businesses within various industries including manufacturing, healthcare, public entities, and nonprofits. With offices in Eugene, Central Oregon, and downtown Portland, Summit Bank specializes in high-touch personal banking and local decision-making. Summit Bank Group Inc. is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. In 2021, Summit Bank was named the Top Small Business Administration (SBA) Community Bank Lender in the State of Oregon, and in 2022, has been named to Oregon Business Magazine’s Top 100 Best Places to Work.
