Consumers Bancorp Inc.

04/30/2024 | Press release | Distributed by Public on 04/30/2024 12:39

Consumers National Bank Receives Small Business Administration Award

Consumers National Bank Receives Small Business Administration Award

MINERVA, Ohio−For the sixth time, Consumers National Bank has received the Top Small Community Bank Lender Award from the U.S. Small Business Administration's Cleveland District Office.

The Top Small Community Bank Lender Award recognizes the bank's outstanding performance making SBA 7(a) and SBA Express loans during SBA fiscal year 2023, ranking first among community banks in the 28 northern Ohio counties served by the Cleveland SBA Office.

"We appreciate these lenders' commitment in providing services and SBA-backed loans to the small businesses in Northern Ohio who otherwise would not have been able to obtain the funding they needed," said Dr. John Turner, the District Director of the U.S. Small Business Administration Cleveland District Office.

"Consumers National Bank is pleased to once again to be recognized by the U.S. Small Business Administration Cleveland District Office as the Top Small Community Bank award winner. The support and products the SBA has to offer play a vital role in helping Consumers, as a trusted advisor, provide access to credit for local businesses in our communities. Nationwide, community banks originate over 50% of small business loans. Utilizing the SBA's programs where appropriate, we look forward to leading the way to economic growth throughout northeast and east central Ohio." said Scott E. Dodds, Executive Vice President, Senior Loan Officer.

"We are honored that Consumers National Bank is recognized by the Cleveland District of the US Small Business Administration as a leader in small business lending for the sixth time. The SBA provides great tools for Consumers to better serve the businesses in our local communities, whether it is for start-up businesses or those businesses looking to expand their current operations. Our commercial lenders, commercial credit, and processing departments work hard to implement the SBA programs and The Cleveland District Office of the SBA has been a great partner for Consumers National Bank," said Sean M. Ulik, Vice President/SBA Program Manager/Canton Market Manager.

Consumers National Bank has 11 commercial lenders serving business clients from the bank's 22 in Carroll, Columbiana, Jefferson, Mahoning, Stark and Summit counties. In addition to small business loans, the bank has a long history of agricultural lending which supports the rural communities that make up a significant portion of its markets.