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ESL named number one small business lender

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ESL Federal Credit Union has been named the number one small business lender in the Rochester area by the U.S. Small Business Administration (SBA).

As the ESL’s 2017 fiscal year drew to a close on Sept. 30, the company had disbursed over 120 loans with a total lending volume of $7 million. Since launching its business banking arm in 2010, ESL has been recognized a total of four times by the SBA; the first was in 2013 when the institution had three SBA loans processed at a value of $385,000. Since then, ESL has worked to keep its name on the list by collaborating with key local organizations, including PathStone, Greater Rochester SCORE and the SBA.

“We are honored to be named Rochester’s No.1 SBA lender, and we give special thanks to all of our business banking customers, and the ESL SBA team for making this possible,” said Keith Cleary, ESL’s vice president and director of business banking, in a statement. “We are proud of our continued growth in this area, and of ESL’s contribution to making the Greater Rochester area a stronger small business community.”

A locally owned institution founded by George Eastman in 1920, ESL holds a total of $6.2 billion across 330,000 members. The company employs a total of 735 people in the metro area.

 

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