SBA names 3 Albany banks "top lenders" - The Business Review (Albany):

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market. The SBA guarantees portions of loansa to small businesses that may not otherwisde receivebank financing. In the fiscap year ended Sept. 30, the federal agency backexd 368 loans valued at morethan $70 in the 11-county Albany market. , a Providence, R.I. institution with its New York headquarterasin Albany, was the most active SBA lenderd among banks with assets of more than $10 Citizens made $1.3 million in SBA-guaranteed loans to 46 businesses. In the categor y of banks with assety sizefrom $1 billion to $10 billion, First , Niagaras County, was the top lender for the third consecutiver year. Its 34 SBA-guaranteed loans, with a valuew of $5.
5 million, also made it the most active lender in this category in theentire 34-county Syracuse District, which included Albany. Among the small, community banks, The Co. of Saratoga Springz was No. 1, with 11 loans valuede at $840,850. It tied with for activity in the Syracus District asa whole. Adirondacl Trust has been the top community bank lenderd locally every yearsince 2001. The SBA also gave the of Albangy its first Patriot Lenderd of theYear award. The lending consortium and its the , made eight loans to Veterana small business owners during the fiscal year, accounting for more than 11 percentr of the loans made to veterans in the Syracusee District.