Timberline Bank based in Grand Junction has once again received recognition for small business lending.

The Colorado District Office of the U.S. Small Business Administration named Timberline Bank its 2022 7(a) Lender of the Year in the category for small operations.

 “On behalf of the SBA in Colorado, a special congratulations goes out to our entire slate of extraordinary awardees,” said Francis Padilla, director of the SBA Colorado District.

The Colorado District Office of the SBA presented 11 awards at a May 6 event in Denver conducted as part of a National Small Business Week.

The Region 10 League for Economic Assistance and Planning in Montrose received the Jody Raskind Community Lender of the Year Award.

As an SBA preferred lender, Timberline Bank offers SBA-backed loans requiring less collateral and equity than traditional business loans. The SBA doesn’t make direct loans through its 7(a) general guarantee program. By guaranteeing repayment of a portion of the loans, however, the federal agency enables lenders to extend financing to businesses that might not qualify under conventional terms.

Timberline Bank also was named the SBA Colorado Rural Lender of the Year in 2019 and 2016. Timberline Bank was among 50 firms to receive 2016 awards in the Colorado Companies to Watch program.

In addition to Grand Junction, Timberline Bank operates locations in Montrose and Aspen. For additional information, call 683-5560 or visit the website at www.timberlinebank.com.