Valley named 2020’s Top SBA 504 lender in South Florida

News | 10/9/2020

Valley was recently named the top SBA 504 lender in South Florida for the second year in a row. They were selected as the 2020 U.S. Small Business Administration’s South Florida District Third Party Lending – Most Loan Dollars Award.

  

“Despite what an unpredictable and challenging year we’ve had, we always knew our commitment was to the small business communities we serve,” says Chris Kneer, First Senior Vice President of Business Banking at Valley. “This is just a testament to the hard work and dedication of all our lenders.”

   

This award acknowledges Valley’s efforts and achievements in assisting entrepreneurs in securing funding through the SBA 504 program. Valley’s endeavors directly contributed to creating and expanding businesses, which helped provide new job opportunities in South Florida.

   

When COVID-19 deeply impacted local economies, Valley stepped up to help fund more than 11,000 SBA Paycheck Protection Program loans for more than $2.3 billion across New Jersey, New York, Florida, and Alabama. Most notably, they helped fund more than 1,000 loans for $136 million for small businesses right in South Florida.

   

“It’s certainly an honor to receive this award, but at the end of the day all we want to do is help our small business customers get access to the capital they need to start and grow their businesses,” says Kneer. “When we see that happen time and time again, that’s the real reward.”

   

Valley was honored for their selection at a virtual event helped on September 24, 2020.

 

About Valley

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $42 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Service Center at 800-522-4100.