Wisconsin Banking News

M&I Bank receives SBA lending award

For the fifth consecutive year, M&I Bank was recognized by the Wisconsin Small Business Administration (SBA) as the 504 Loan Program Lender of the Year.

The SBA 504 loan program is a long-term financing tool for economic development within a community. This economic development program has a primary focus on job creation. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings and equipment.

“This recognition is a direct result of the work by many M&I bankers throughout the state who offer SBA loans to our customers as an alternative way of financing small business growth," said Dick Becker, regional group president of M&I Bank, Wisconsin Region. "Through the SBA 504 Program, our customers benefit from longer term financing than what banks can provide on a conventional basis, many times making the payments and terms more affordable for the small business."

"M&I Bank recognizes the importance of small businesses in our economy," said Nate Cunniff, senior vice president, business banking, M&I Bank. "The bank’s use of programs such as the SBA 504 program has benefited many Wisconsin companies who have subsequently added jobs and increased economic development in their communities.”

 

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