Central Bank & Trust ranked as the number two lender for SBA Loans in El Paso County in 2010. The local branch, which is a part of Farmers & Stockmens Bank, originated $4,740,000 in SBA 7(a) Loans in Fiscal Year 2010, our first year of operations. (Note – the SBA Fiscal Year begins on 10/1, so the total volume of SBA loans for Central Bank & Trust in all of 2010 was nearly $10 million, a number that certainly made a positive impact on our community.)
The Colorado Springs Business Journal originally reported the volume for Central Bank & Trust incorrectly in their June 2011 list of top SBA lenders for the county, but the revised list (click here to view) reflects the proper numbers and rankings.
Providing capital to local businesses, especially during this critical recovery, will continue to be a top priority.