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Daily CSR

Daily CSR
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KeyBank Leads Small Business Loans in Washington Congressional Districts | SBA Recognition


KeyBank proudly announces its recognition as the leading provider of small business loans of $350,000 or less in several Washington Congressional Districts for the 2023 fiscal year, according to the U.S. Small Business Administration (SBA). The districts encompass various regions, including Bellevue, Kirkland, Seattle, Shoreline, West Seattle, Vashon, Federal Way, and Mercer Island, among others.
James Fliss, Jr., Senior Vice President and National SBA Manager at KeyBank, expressed enthusiasm for the acknowledgment, emphasizing the bank's commitment to supporting small businesses. He highlighted KeyBank's longstanding partnership with the SBA, spanning over two decades, and its role in facilitating access to capital for thousands of entrepreneurs.

Since 2015, KeyBank has disbursed over $2.6 billion in SBA-guaranteed financing, with a significant portion provided in the past four years alone, totaling more than $1.29 billion. Fliss attributed this success to KeyBank's dedication to fostering thriving communities through its support of small businesses, which it regards as integral to economic vitality.
“Small businesses consistently identify financing as a top need, but access to capital often brings challenges and barriers for many small business owners. This is why the work the SBA does, in tandem with a robust network of lenders, is so critical,” SBA Seattle District Director Melanie Norton said.

“During Fiscal Year 2023 alone, approximately $900 million in SBA loans were made across the SBA Seattle District. We’re grateful to KeyBank for being one of the top lenders in the district to make loans under $350,000 during the past year and ensuring small businesses with smaller dollar needs were not overlooked. We will continue our work together to make certain no entrepreneur is left behind.”