August 23, 2019
Sunrise Banks is a recipient of the SBA MN Lender Award for the second year in a row and one of 12 banks to receive the recognition in 2019.
Sunrise is being recognized as having the highest participation in SBA-backed loan programs for a bank of its size, with just over $1 billion in total assets.
The bank will be honored on Sept. 13 at the seventh annual SBA Lenders Conference along with the 11 other award recipients.
“We know that without capital small businesses struggle to survive,” said SBA Minnesota District Director Nancy Libersky. “This is why we work so hard to ensure the funding tap doesn’t run dry. But we can’t do it alone. Using SBA loan programs, these organizations are helping small businesses succeed every day and it’s wonderful to be able to honor their efforts supporting our state’s economy.”
Sunrise Banks’ SBA department offers 7(a), Express and 504 loans to clients in the Twin Cities.
“Small businesses represent the lifeblood of our community, and the bank prides itself on helping entrepreneurs who bolster the local economy by providing necessary goods and services,” said Sunrise Banks CEO David Reiling. “We’re pleased to be recognized by the SBA’s Minnesota District and proud of the work our SBA lending team has done.”
For more information on the award, and to see this year’s full list of recipients, visit the SBA’s website.
About Sunrise Banks: Sunrise Banks, Member FDIC, N.A., based in St. Paul, Minnesota, seeks to radically change the way urban communities and people thrive by empowering them to achieve financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values, a public benefit corporation and is a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Visit Sunrise Banks at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook. Member FDIC.