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Bank listed as Top SBA Lender for 2017

Belgrade State Bank is ranked in the Top 10 of U.S. Small Business Administration Lenders in the St. Louis District for 2017. Belgrade State Bank ranked 4th among other community bank lenders in the St. Louis metropolitan area. The ranking is based off loan volume for fiscal year 2017, with Belgrade State Bank closing $8.8 million in loans for local business owners.

The St. Louis District Office of the U.S. Small Business Administration had a record year with $252 million in secured government loans, benefitting 607 businesses. The uptick in loans reflects a stronger, growing economy and reassures small business owners that now is a great time to start a business or expand current operations.

SBA loans offer important benefits to all kinds of business owners – from start-ups, to companies that have outgrown their facilities, to ones that need to significantly expand their inventories. Usually, government-backed SBA loans offer options that a conventional bank loan can’t match. For example there may be easier qualifications for an SBA loan, less money down, or lower collateral requirements. SBA Loans can also receive longer terms, which translate into lower payments and better cash flow. 

Founded in 1906, Belgrade State Bank is a family owned, community bank that offers a full range of personal and business banking services. Its six branches in Southeast Missouri include Belgrade, Desloge, Farmington, and Potosi with drive-through facilities in Caledonia and in Potosi on East High Street. Information and product services are also available through www.belgradestatebank.com

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