Needham Bank made it to the top 25 most active 7(a) lenders with 16 SBA loans approved for over $3.8 million in FY ’19; the bank showed a 178% increase in SBA 7(a) loan approvals during the last quarter of the fiscal year 2019. Our total 7(a) loan volume in FY’19 represents a fivefold increase from the prior fiscal year. SBA MA District Office recognizes Needham Bank as the Lender of the Quarter 2019. “Our successes this year were truly a team effort led by our Small Business Team Leader, Mike Semizoglou. I’m very proud of Needham Bank’s commitment to cultivating small businesses in our communities,” remarked Larry Pitman, Senior Vice President, Commercial and Industrial Lending.