INDIANAPOLIS, Feb. 5, 2016 /PRNewswire-USNewswire/ -- Premier Capital Corporation, a non-profit Certified Development Company (CDC) headquartered in Indianapolis, recently awarded Lender of the Year and Financial Advocate of the Year honors during its annual recognition event.
The honorees worked with Premier Capital on Small Business Administration (SBA) 504 approved projects during 2015. The SBA 504 loan program provides permanent financing to eligible businesses for the purchase, renovation or expansion of owner-occupied commercial real estate and large equipment.
Among those honored were:
Old National Bank, was honored as a Lender of the Year for partnering with Premier Capital on seven transactions totaling $10.3 million.
The National Bank of Indianapolis, was honored as a Lender of the Year for partnering with Premier Capital on seven transactions totaling $7.6 million.
PNC Bank, was honored as a Lender of the Year for partnering with Premier Capital on eight transactions totaling $7.1 million.
Dan Gmelich, Old National Bank, Terre Haute, was honored as Financial Advocate of the year for the largest single transaction of the year: $8.8 million.
Scott Poling, Old National Bank, Columbus, was also honored as Financial Advocate of the year for the greatest number of transactions during 2015: four transactions totaling $6.7 million.
Dean Murphy of Fairway Financial, Indianapolis, was recognized as a 504 Champion for consistently partnering with Premier Capital, year after year, on 504 projects.
One mission of the SBA 504 program is to create jobs. Last year Premier Capital approved 50 SBA 504 loans totaling approximately $76 million in total projects, making it a top tier SBA 504 lender in Indiana for the second year in a row. Premier Capital estimates that the small businesses that received SBA 504 loans will create or retain nearly 600 jobs in Indiana during the next two years.
"Lenders across the state are the reason behind Premier Capital's success," said David Amick, Executive Director of Premier Capital. "We're pleased to honor bankers who use the SBA 504 program to create jobs and support growth in their communities."
Premier Capital Corporation is a leading Certified Development Company, providing SBA 504 real estate and equipment loans in Indiana since 1976. Its web address is http://www.504partner.com
SOURCE Premier Capital Corporation