Avidia Bank recognized as top lender for manufacturing

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(l to r) Peter Kontakos, Deputy District Director of SBA; John Gill, Avidia Bank; Joe Sova, Avidia Bank; Stephen McAndrew, Avidia Bank; Bob Nelson, District Director of SBA; and Ili Spahiu, Assistant District Director of SBA

Hudson – Avidia Bank has been recognized by the Small Business Administration (SBA) for their outstanding performance as the most active Massachusetts Lender to Manufacturers in fiscal year 2019.

Massachusetts was among the leading states in the country for SBA lending in 2019 based upon loan approvals and Avidia Bank was the 26th most active in the state.

As an SBA designated PLP (Preferred Lenders Program) lender, Avidia Bank allows local small businesses to have quicker access to funds to start, expand or acquire a business, as well as those businesses that may otherwise have difficulty getting approved outside of the SBA process.

Hudson trading 5.29