Local DC small business is a success because of local community bank

Sandra Panetta, owner of a DC-based food truck, got her start back in 2010 thanks to the help from a community bank. She credits her success to her small business loan from the bank.

sandra

To hear Sandra tell her story, click here.

Celebrate National Small Business Week

Keep Calm

National Small Business Week kicks off today and runs through Friday, May 16. To follow the conversation on Small Business Week, follow the hashtag #SBW2014 on Twitter.

Community banks are the primary source of lending for small businesses and farms. Community banks, who are small businesses themselves, with less than $10 billion in assets make nearly 60 percent of small businesses loans to small businesses.

Have any plans to celebrate Small Business Week yourselves? Let us know about them!

 

Community Banking Award Winner!

NerdWallet announced the winner of its 2014 Community Banking Local Project Award winner at the end of April. The contest was created to celebrate outstanding examples of public or private financing by community banks that have enriched or revitalized their surrounding communities, according to NerdWallet’s site.

Three community banks were chosen as top finalists, including Citizens Bank of Edmond, Farmers and Merchants Bank of Ashland and The Provident Bank. The Provident Bank took home the top prize for its work with the “Storm Damage Assistance Loan Program,” which provided loans to residents who were impacted by Super Storm Sandy in 2012.

To view the entire press release announcing the winners, visit NerdWallet’s website, to view more information about the award and the three finalists, visit NerdWallet’s award page.

Congrats to all three of these outstanding community banks for having positive impacts on each of their local communities!