Branson Bank selected as Gold Elite Lender by Rural Missouri Inc. (RMI) – February 26, 2020
May 5, 2021
For the fiscal year of 2019, Branson Bank was named a Gold Elite Lender by Rural Missouri Inc. (RMI) Business Finance. The award honors the bank’s work in partnering on SBA 504 business loans. Only six financial institutions in RMI’s trade area, which consists of a 4 states, including Missouri, Arkansas, Illinois, and Kansas, earned the Gold Elite designation.
“At Branson Bank, we like to offer creative, helpful solutions for our customers,” said Greg Baker, Senior Vice President. “RMI’s SBA 504 program is one of many solutions we utilize to help businesses grow in our community, and we are honored to be chosen as one of RMI’s Elite Lenders.”
RMI Business Finance is an SBA Certified Development Company (CDC) that delivers the SBA 504 Loan Program. The 504 Loan Program provided fixed asset, long term financing at an attractive interest rate. RMI has been delivering the SBA 504 Loan Program for over 36 years and has leveraged over $1.7 billion in financing and created over 18,000 jobs. In addition, RMI provides financing through RMI Direct, a revolving loan fund that provides working capital or fixed asset financing for businesses. RMI also administers an Intermediary Relending Program (IRP) through the U.S. Department of Agriculture Rural Development for businesses located in rural areas.
Branson Bank is a $235 million asset community bank, locally owned and controlled, state-chartered financial institution with locations in Branson, Forsyth, and their Lending Center in Branson West. Branson Bank- Member FDIC, Equal Housing Lender.