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German American Coffer Accustomed For Focusing On Baby Business SBA Lending

Updated January 23, 2018 7:05 AM

(BEDFORD) – German American Coffer was afresh accustomed by the Indiana Statewide Certified Development Corporation (CDC) as one of their top two 2017 Baby Business Administration (SBA) 504 lenders in Indiana.

Dan Collignon, a Regional Executive Vice President and Commercial Credit Officer at German American Bank, was additionally accustomed alone as accepting created the best SBA 504 accommodation agreement dollars in 2017.

“Small businesses accumulate our bounded communities active and prosperous. SBA 504 loans advice baby businesses with best appellation anchored amount costs and, in the majority of cases, with beneath upfront capital,” states Mark Schroeder, Chairman and CEO of German American Bancorp, Inc. “This acceptance from the CDC apropos our focus on SBA 504 lending is a attestation to our cyberbanking team’s captivation and charge to the business association in the markets we serve.”

Indiana Statewide CDC ally with coffer lenders and is one of the arch providers of 504 loans in the country. In budgetary year 2017, Indiana Statewide CDC adjourned added than $28 actor in loans to 39 companies. The projects created or adored about 440 jobs.

About German American

German American Bancorp, Inc., is a NASDAQ-traded (sym: GABC) coffer captivation aggregation based in Jasper, Indiana. German American, through its cyberbanking accessory German American Bancorp, operates 51 cyberbanking offices in 19 aing southern Indiana counties and one arctic Kentucky county. The Aggregation additionally owns an advance allowance accessory (German American Advance Services, Inc.) and a abounding band acreage and blow allowance bureau (German American Insurance, Inc.).

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