Meredith Village Savings Bank Named SBA Leading Rural Lender Of The Year

MEREDITH, NH — Meredith Village Savings Bank has been named the Leading Rural Lender of the Year by the U.S. Small Business Administration New Hampshire District Office.

The award recognizes the financial institution for its commitment to expanding access to capital for small businesses throughout the state. This distinction highlights the bank’s work in SBA 7(a) lending and its focus on helping entrepreneurs in areas where traditional financing options may be limited.

During the past year, 92 percent of the bank's SBA lending supported businesses located in rural communities. This effort serves the bank's mission to strengthen local economies and assist businesses as they grow. Small businesses serve as the backbone of our communities, but for those in rural areas, accessing financing is not 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. He added that the bank is proud to work with entrepreneurs who create jobs, reinvest locally, and help keep New Hampshire’s rural communities strong.

Bank leadership and members of the commercial lending team accepted the award on March 2. The event took place during the SBA’s Lender Appreciation Ceremony held at the historic Millyard Museum in Manchester.

The commercial lending team at MVSB partners with businesses throughout the Lakes Region, Seacoast, and Mount Washington Valley. They assist these entities as they start, expand, and adapt through various stages of growth. The bank combines local expertise with SBA programs and technology to provide a lending experience that supports the long-term economic vitality of the region. The U.S. Small Business Administration operates the 7(a) Loan Program as its primary tool for providing financial assistance to small businesses. This program offers government guarantees on loans reaching up to $5 million.