Village Bank, a local financial institution in Blaine, has earned the title of "SBA 504 Lending Partner of the Year" for 2023, courtesy of the Central Minnesota Development Company (CMDC). As the top provider of Small Business Administration (SBA) 504 loans, the award signals Village Bank's significant role in fostering small business growth and employment within the community.

The SBA 504 loan program is designed to offer long-term, fixed-rate financing for major fixed assets that can help grow a business and fuel further job creation. Village Bank has excelled in connecting businesses with this essential financial tool, aiding in the procurement of real estate, buildings, equipment, and the development of streets, parking lots, and more. Securing such financing has played a central role in the thriving of the Blaine business scene.

The city's announcement lauds Village Bank for its accomplishments, celebrating the bank’s contribution to the local economy. This recognition by CMDC underlines the importance of the financial institution's commitment to providing the vital resources that businesses demand to succeed and expand.

With a track record of supporting businesses and building stronger communities, Village Bank has set a standard for other financial entities in the region. The bank's engagement in the SBA 504 loan program is more than just a transaction; it’s a transformative action that resonates through the economic prosperity of small businesses. Interested parties seeking financial services or more information about the bank's offerings can reach out online at VillageBankOnline.com.