FB&T Selected to Receive the 2024 SBA Minnesota Lender Award

The U.S. Small Business Administration’s Minnesota District honored ten lenders throughout the state at the Minnesota Small Business Lenders Conference for their commitment to helping small businesses succeed.

Frandsen Bank & Trust's SBA Division Manager, Dennis J. Welch, stated, "Our team is thrilled to receive the Minnesota Lender Award for a second consecutive year."

As an SBA-preferred lender, the Small Business Administration works closely with Frandsen Bank & Trust as a partner to help provide local businesses with various financing options under the SBA 504 and 7(a) programs.
"Frandsen's status as an SBA-preferred lender enables our business bankers to fulfill their commitment to local businesses in the communities we serve," Welch said.

Welch acknowledged his team, stating, "This award represents our team's hard work and promise to improve the economy in the local communities across Frandsen's footprint."

“SBA lenders play a vital role in helping small businesses across the state start, grow, and expand,” shared SBA Minnesota District Director, Brian McDonald. “Small businesses have the option of a number of local lenders who administer SBA loans ranging from $500 - $5 million, meaning there is a lender for all stages of their entrepreneurial journey. We are thrilled to celebrate these lenders who are funding businesses that employ, inspire, and provide vital goods and services to Minnesotans.”