Greylock Recognized as Leader in Small Business Lending in Massachusetts
December 20, 2021
Greylock Federal Credit Union is an independent company, wholly owned by its members. Greylock is a federally-chartered credit union, organized under strict regulatory laws that are monitored and enforced by the National Credit Union Administration, an agency of the U.S. Government. All accounts are insured by the National Credit Union Share Insurance Fund (NCUSIF).
Pittsfield, MA —The Massachusetts District Office of the U.S. Small Business Administration (SBA) held its’ Annual Meeting on Friday, December 10th and announced Greylock Federal Credit Union (Greylock) as the #1 Western Massachusetts SBA 7(a) Lender and the #1 Lender to Rural Businesses. Greylock issued over $437,000 in program loans in 2021.
“We are grateful for SBA’s recognition of our Business Banking team’s hard work as they carried out Greylock’s mission through supporting the needs of small businesses,” said Senior Vice President, Chief Lending Officer Jodi Rathbun-Briggs. “The team not only led in 7(a) loans, but also helped retain over 5,000 jobs through the SBA’s Paycheck Protection Program. This award goes out to everyone at Greylock, especially the Business Banking team, for their commitment to the rural businesses that serve as the backbone of our economy.”
The 7(a) loan program is SBA's primary program for providing financial assistance to small businesses through government secured loans.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
About Greylock
Greylock membership is open to anyone who lives, works, attends school, worships or regularly conducts business in Berkshire County, the towns of Westfield, Southwick, Granville, Montgomery, and Russell, Massachusetts; Bennington County, Vermont; or Columbia County, New York. Greylock Federal is wholly owned by its more than 94,600 Members and offers fullservice branches in Pittsfield, Great Barrington, Lee, Adams, North Adams, Williamstown, Lanesborough, and Lenox, Massachusetts and Greenport/Hudson, New York. Greylock has a Low-Income Designation (LID) from the National Credit Union Administration (NCUA) and certification by the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund allowing the Credit Union to offer expanded services to families of low and moderate incomes. More information is available at www.greylock.org.