AUGUSTA — The U.S. Small Business Administration (SBA) presented its annual small business awards on Tuesday, June 17, at the Hilton Garden Inn in Freeport. State and regional awards were presented to small business owners and small business champions from all over Maine.
“Small businesses are the backbone of our economy, and recognizing those who work so hard to succeed and create new jobs is truly an honor,” said Marilyn Geroux, SBA District Director for Maine. Katahdin Trust was recognized as SBA’s Top 7(a) Dollar Volume Lender in Maine. SBA’s 7(a) loans are used to establish new businesses or to assist in the acquisition, operation or expansion of an existing business.
“The bank is honored to showcase community banking at its best by supporting the business lending needs of the communities that we serve,” said Katahdin Trust President & CEO Jon Prescott. Prescott further stated “The Bank has had a wonderful partnership with the Small Business Administration for many years, much has been accomplished and we’re ready to seize future opportunities.”
Katahdin Trust also holds the designation as a Preferred Lender in the SBA Loan programs. The Preferred Lender status is reserved for the SBA’s most experienced and trusted lenders with a proven record of lending performance and excellence.
