The U.S. Small Business Administration
recognized Saratoga National Bank and
Trust Co. last month for its significant increase
in SBA loans.
During the fiscal year ended Sept. 30, Saratoga
National Bank completed 26 SBA loans totaling
$3.24 million, the largest loan volume among
small community lenders in the Capital Region,
bank officials said.
Saratoga National Bank is a participant in
the SBA’s Preferred Lender Program, which was
created to streamline the borrowing process for
small businesses by giving more responsibility and
authority to approved lenders. It is the only bank
headquartered in Saratoga County with “preferred
lender” status, officials said.