Small Business Banking Partnership Program
In the spring of 2011, Leader Bank began participating in the Small Business Banking Partnership program. The SBBP is a program between Massachusetts banks and the Massachusetts Department of Treasury, designed to spur small business lending and promote job creation.
From April 2011 through March 31, 2016, Leader Bank has closed 298 small business loans and lines of credit in Massachusetts, totaling nearly $42.4 million of committed lending, thanks in large part to the SBBP. These loans have helped to create over 830 jobs in the Commonwealth. We at Leader Bank are proud to be a part of the SBBP, supporting the small businesses that drive job creation.
Lender NMLS# 449250