Courtesy KeyBank
KeyBank’s Capital Region Business Banking team was recently presented with the 2017 Large Commercial Lender of the Year Award by Bernard J. Paprocki, director of the Syracuse Small Business Association District.
In fiscal year 2017, KeyBank approved 32 loans at a Capital Region, leading value of $19.9 million, according to the SBA.
“SBA lending is critical to helping communities thrive, because it ensures that creditworthy businesses have access to the capital they need to start, expand and ultimately bolster the local economy and workforce,” said Greg Novitsky, senior SBA relationship manager, Capital Region, KeyBank. “We’re a proud SBA lending partner and excited the 2017 rankings reflect our commitment to help local businesses.”
In addition to leading in the Capital Region, KeyBank topped all banks in the SBA’s Syracuse District, representing 15.8 percent of the district’s total dollars approved, the organization said.
The SBA’s Syracuse District serves 34 counties in New York, including Albany, Columbia, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie and Warren counties.
“With loan program fee reductions in effect and 64 active lenders, small businesses in Upstate New York are accessing the affordable capital they need to start and expand,” said Paprocki. “We anticipate building on this past year’s momentum so that in 2018 more Capital Region entrepreneurs will use SBA financing to create jobs and invest in their businesses and communities.”
The Syracuse District of the SBA provides small businesses with free counseling and advice, financial assistance through government-backed loans, management and technical assistance, and minority business development.
KeyCorp’s roots trace back 190 years. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $136.7 billion at Sept. 30, 2017, officials said.
Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs.