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SBA Awards Leader Bank With Preferred Lender Status

Press Release

Leader Bank, N.A. is pleased to announce that it has been granted the Preferred Lender Program ("PLP") designation by the United States Small Business Administration ("SBA"). The designation of PLP is the highest bank designation granted by the SBA and is reserved for top tier bank lenders. 

“We award Preferred Lender status to lenders who have demonstrated their commitment to small business and have the ability to effectively serve this market,” says Bob Nelson, Massachusetts SBA District Director.  “With PLP status, Leader Bank will be able to offer their small business customers the full range of SBA loan products, as well as a streamlined process and quicker turnaround time on loan applications,” Nelson added. “We are very happy to have Leader Bank on board as a PLP lender and consider them to be an invaluable lending partner of the Massachusetts SBA.”

Matthew Pierce, Vice President of Commercial Lending at Leader Bank stated, “We are honored that the SBA has entrusted us with PLP status. This elite status demonstrates Leader Bank’s commitment to providing small business owners with the best support, products and services. Local businesses will revitalize our economy, and lending to them through our SBA program is part of our commitment to being the bank of choice amongst the businesses in our community.”

About Leader Bank
Leader Bank offers a full range of personal and business banking products including free personal and business checking accounts, deposit products with highly competitive rates, commercial and residential lending products, home equity lines of credit, and free online banking and bill payment services.

Visit Leader Bank's website at www.leaderbank.com or stop by any of our four convenient branch locations: Arlington Center at 449 Massachusetts Avenue, Arlington, MA 02474; East Arlington at 141 Massachusetts Avenue, Arlington, MA 02474; Central Square at 675 Massachusetts Avenue, Cambridge, MA 02139; and the Belmont Branch at 363 Pleasant Street, Belmont, MA 02478.

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