PyraMax Bank receives small business designations

Freeman Staff

Nov. 19, 2015

GREENFIELD — PyraMax Bank has received a Preferred Lender Designation from the U.S. Small Business Administration, as well as a preferred lender designation for the SBA Export Express Program.

According to the company, “both recognitions are highly coveted titles for small business lenders, and are only given to institutions that demonstrate a strong knowledge of small business practices, along with a demonstrated pledge to help out small businesses.”

By becoming a preferred lender, according to the announcement, PyraMax Bank improves upon its small business lending initiatives, with gained access to a greater variety of programs from the SBA. The Export Express program provides a streamlined method for exporters and lenders to obtain SBA-backed financing for loans and lines of credit up to $500,000.