President at 21st Century Bank
We are proud to say 21st Century Bank received an SBA lender award recently — and we are extremely grateful for it!
As we strived this year to return to business after a challenging 2020, as individuals, entrepreneurs, and small business owners, we continue our resolve to be vigilant towards developing, growing, and strengthening our businesses as well as our communities.
Here at 21st Century Bank, we’re grateful for our customers and team members who continue to make us what we are – a locally-owned and -operated bank with the strength to support our community through these challenging times. As a customer, you have put your trust in 21st Century Bank, and we are affirmed in our commitment to provide a high level of service, hard work, lending expertise, and nimble decision-making.
According to the U.S. Small Business Administration’s Minnesota District, 21st Century Bank has been awarded the top spot for the second year in a row in our asset size — lender with $500MM > $1B in assets. We are proud to continue our history of supporting small businesses while achieving these milestones due to our teams’ efforts.
We invite you to give us a call. With over 100 years of service, we are ready to provide tailored banking solutions, maintaining our community-focused customer service.
Excerpt from SBA News Release
MINNEAPOLIS – At its SBA Minnesota Lenders Conference on September 9, 2021, the U.S. Small Business Administration’s Minnesota District will honor 11 lenders throughout the state for their commitment to helping small businesses succeed.
“Every year we recognize lenders that are helping Minnesota’s over 530,000 small businesses access the capital they need to drive our economy, and the efforts they made in the last year truly went above and beyond,” said SBA Minnesota District Director Brian McDonald. “During the pandemic, Minnesota’s lending community, totaling nearly 300 banks, credit unions and loan funds, have been working late at night and through weekends and holidays, and their efforts helped save thousands of Minnesota small businesses and the jobs they support.”
The SBA’s ability to help small businesses access capital is tied to the country’s lending institutions and its partners’ ability and willingness to loan money to those struggling to get financing. To assist with this, the SBA guarantees the loans the lending institutions provide to these small businesses. In total, lending institutions helped 2,209 Minnesota-based small businesses access $1,009,831,000 in traditional 7(a) and 504 SBA-backed capital from July 1, 2020, to June 30, 2021.
The awards are based on each lender’s number of SBA-guaranteed approved loans in Minnesota from July 1, 2020, to June 30, 2021.
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