Contact: Shari Wilson, Marketing
IMMEDIATE RELEASE if after May 4, 2016
|Jim Pedersen, Mike Taets, Jeff Taets|
TIMBERLINE BANK RECEIVES COLORADO AWARD
Grand Junction – The U.S. Small Business Administration honored Timberline Bank as Colorado’s Community Rural Lender of the Year 2015 in a ceremony held May 4, 2016 at the History Colorado Center in Denver.
This award recognizes a Colorado lender which is dedicated to small business lending in the community it serves. Judging criteria paid note to the number of rural SBA loans made and according to James Van Horn of the SBA/Colorado District, Timberline Bank impressed the agency with its consistent commitment to the rural population of the area, dedicating 50% of its SBA loan portfolio to rural lending. Lenders can provide SBA guaranteed loans for most business needs but typically turn to SBA for new businesses with less collateral and/or smaller equity generally required for traditional business loans. SBA-backed loans are an indicator of the bank’s willingness to lend to small business entrepreneurs.
“As employee owners, we at Timberline Bank understand what it means to own and operate a business in a personal way,” comments Jeff Taets, President of Timberline Bank. “As direct and preferred lenders with the Small Business Administration, Timberline has the ability to customize lending solutions for our customers. Our customizable lending solutions often help our customers realize their dreams. Timberline Bankers recognize our customers as business peers and referral sources and we understand that their satisfaction is the most important product that we can deliver.”
Timberline Bank is an independent, community bank that was founded by its employees and Western Slope investors in 2004 and has locations in Grand Junction, Aspen, and Montrose allowing for Western Colorado convenience. A total of 39 team members are employed at the three locations.
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