Small Business Success

September 14, 2023

by Frandsen Marketing Team

Frandsen Bank & Trust announces they have been recognized for their Commitment to Small Business Success.

The Small Business Administration Minnesota District awarded Frandsen as the SBA Lender of the Year for Total Dollars of SBA Loans. SBA-backed loans are proven tools lenders can use to help small businesses grow while reducing their own risks.

Frandsen Bank SBA Division Manager Dennis J. Welch states, “We were delighted to be recognized by the Small Business Administration Minnesota District. As an SBA Preferred Lender, we understand how much small business impacts the communities we serve.  Welch concluded by recognizing his staff, “The impressive performance of our team is a direct reflection of the unwavering commitment and diligent efforts put forth by each member.”  

“SBA programs remain at the forefront for businesses seeking to start, grow, expand, and recover," shared SBA Minnesota District Director Brian McDonald. “It’s exciting to be able to celebrate and honor the efforts of lenders across the state who continue to assist thousands of Minnesota small businesses and the communities they support. Using our guaranteed loan programs, lenders are helping small businesses succeed every day.”

The awards are based on each lender’s number of SBA-guaranteed approved loans in Minnesota from July 1, 2022, to June 30, 2023. 

Frandsen Bank & Trust has assets in excess of $3.0 billion and offers a complete array of business, agricultural, real estate, and consumer loans, savings, and financial services, serving communities in Minnesota, eastern North Dakota, and western Wisconsin.
 

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