A bank with three locations in Western Colorado was honored for its services to small businesses and communities in the region.
Timberline Bank was honored at a May 10 ceremony as the U.S. Small Business Administration Colorado Community and Rural Lender of the Year. The SBA also honored Timberline Bank in 2016 as Colorado Rural Lender of the Year.
As an SBA preferred lender, the bank can offer SBA-backed loans requiring less collateral and equity than traditional business loans, said Jeff Taets, president and co-chief executive officer of Timberline Bank.
The bank dedicates half its SBA loan folio to rural lending, he said.
“As employee owners, we at Timberline Bank understand what it means to own and operate a business in a personal way,” Taets said.
Timberline Bank is constructing a new location at 649 Market St. in Grand Junction. The four-story, 40,000-square-foot Timberline Center will better accommodate customers, Taets said.
The center will include ample parking and drive-up services as well as a coffee shop and internet cafe.
Timberline Bank also operates locations in Aspen and Montrose. For more information, log on to the website located at www.timberlinebank.com.