WASHINGTON, May 21, 2012 /PRNewswire/ — The U.S. Small Business Administration today named KeyBank the top SBA Large 7(a) Lender of the Year. In a ceremony to launch National Small Business Week, SBA Secretary Karen Mills presented the award the SBA’s highest recognition to small businesses, lenders and investment banks that have demonstrated continuing commitment to the growth and expansion of small business.
“This honor reflects our strong partnership with the SBA, our relationship approach to our business and our ongoing commitment to small businesses,” said Michael J. Toth, senior vice president and Business Banking head. “Key’s experience with SBA programs has helped us support our clients through a volatile economy.”
The SBA awards the Large 7(a) Lender of the Year based on factors such as portfolio performance, year over year growth in loan approval volume and on lender size, and ongoing commitment to the growth and expansion of small businesses.
