leader bank

Leader Bank, N.A. has announced that the Small Business Administration (SBA) has named the bank as lender of the year for veteran entrepreneurs for fiscal 2018 in Massachusetts.

At its annual awards ceremony on Friday, Nov. 9, the Massachusetts district office of the SBA recognized Leader Bank for its commitment to small-business loans to veterans throughout the Commonwealth.

"We are honored to be the top SBA lender to veterans in Massachusetts" Sushil Tuli, president and CEO, said in a news release. "As we commemorate Veterans' Day and remember the sacrifices that men and women in uniform have made for our country, Leader Bank is privileged to help give back to our veterans by providing them the funding they need to make their businesses thrive and grow. We are proud to work with the SBA to be one of the top lenders to small businesses, and look forward to continuing our partnership for years to come."

In addition to being named the No. 1 lender for veterans in the state, Leader Bank also ended fiscal year 2018 as one of the top five SBA 7(a) lenders in Massachusetts, closing 70 such loans and lending over $8 million to help entrepreneurs start or grow their businesses.

These loans help small businesses by providing needed working capital, financing acquisition of property or equipment, funding the purchase of existing businesses or refinancing higher cost debt. Leader Bank has also been a proud member of the Small Business Banking Partnership with the Massachusetts Department of Treasury since April 2011, lending over $67 million to Massachusetts businesses across nearly 500 loans and helping to create or save almost 1,375 jobs in that time.

With assets over $1.3 billion, Leader Bank N.A. is a nationally chartered bank founded in 2002 with seven full-service branches in Arlington, Belmont, Boston, Burlington and Cambridge.

Leader Bank offers a full range of personal and business banking products including personal and business checking accounts, commercial and residential lending products, home equity lines of credit, deposit products with highly competitive rates and free online banking and bill payment services. Visit Leader Bank's website or any one of the Bank's convenient branch locations for more information. Member FDIC and Equal Housing Lender, NMLS #449250.

This news announcement was published Tuesday, Nov. 13, 2018.