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M&T leads in small business lending program

M&T Bank continued to lead the way in a key federally backed small business loan program in the Buffalo/Rochester region.

Through the first eight months of the fiscal year, M&T recorded 153 of the 7(a) loans, ahead of Five Star Bank, which had 83. M&T also led in total loan dollars in the program over the same span, at $16.4 million. Five Star was second at $9.4 million.

All participating banks recorded a total of 588 loans and volume of $88.2 million over the eight-month period. The loan total was down 21 percent, and the volume was down 12 percent.

 

 

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