MVSB Named SBA Leading Rural Lender of the Year

Meredith Village Savings Bank (MVSB) was named Leading Rural Lender of the Year by the U.S. Small Business Administration (SBA) New Hampshire District Office, recognizing the Bank’s commitment to expanding access to capital for small businesses in communities across New Hampshire.

The award highlights MVSB’s leadership in SBA 7(a) lending and its focus on supporting entrepreneurs in areas where financing options can be more limited. In the past year, 92% of MVSB’s SBA lending supported businesses located in rural communities, reinforcing the Bank’s mission to strengthen local economies and help businesses grow.

“Small businesses are the backbone of our communities, but for those in rural areas, getting access to financing isn’t always easy,” said Dan Osetek, MVSB Senior Vice President and Senior Commercial Loan Officer. “Being named the SBA’s Leading Rural Lender of the Year reflects our team’s commitment to supporting local business owners. We’re proud to work with entrepreneurs who are creating jobs, reinvesting locally, and helping keep New Hampshire’s rural communities strong.”

MVSB leadership and members of the Commercial Lending team accepted the award during the SBA’s Lender Appreciation Ceremony at the historic Millyard Museum in Manchester on March 2.

MVSB’s Commercial Lending team partners with businesses throughout the Lakes Region, Seacoast and Mount Washington Valley, helping them start, expand and adapt through every stage of growth. Combining local expertise, SBA programs, and advanced technology, the Bank delivers a modern lending experience that supports long-term economic vitality in New Hampshire.

The U.S. Small Business Administration (SBA) helps small business owners and entrepreneurs pursue the American dream. The SBA’s 7(a) Loan Program is its primary program for providing financial assistance to small businesses and offers government guarantees on loans of up to $5 million. Learn more about the SBA New Hampshire District at sba.gov/district/new-hampshire.

MVSB has been serving the essential banking needs of people, businesses, nonprofits and municipalities for over 150 years. As a mutual savings bank, MVSB has no stockholders but rather operates for the benefit of its customers, employees and community. Since our founding, one thing has always remained true: caring is at the heart of everything we do. By building and nurturing relationships, we believe that we can cultivate a community where we all thrive. It all starts with caring about our customers and neighbors. To learn more, visit any of the local branch offices located in New Hampshire in Alton, Ashland, Center Harbor, Exeter, Gilford, Laconia, Melvin Village, Meredith, Moultonborough, North Conway, Plymouth, Portsmouth, Rochester or Wolfeboro, call 800.922.6872 or visit mvsb.com.
 

Caption: From left, Peter A. Steele, SBA New England Regional Administrator, Katelyn LaBonte, MVSB Senior Credit Analyst, Tina Simpson, MVSB VP Commercial Loan Officer, Tate Miller, MVSB Commercial Loan Officer, Dan Osetek, MVSB SVP Senior Commercial Lending Officer, Lori Cote, MVSB VP Commercial Loan Officer, and Amy Bassett, SBA NH District Director. Courtesy Photo