Saratoga National Bank Named SBA's Top Small Lender

SARATOGA SPRINGS, N.Y. (December 9, 2024) — The Arrow Family of Companies is pleased to announce that its subsidiary bank Saratoga National Bank and Trust Company has been recognized as the top small lender in the Capital Region by the U.S. Small Business Administration (SBA). The bank approved eight loans valued at $1.2 million, solidifying its position as a leading financial institution supporting local businesses.

As an SBA lending partner since 1988, Saratoga National Bank and its commercial lending team has played a crucial role in fueling economic growth in the greater Capital Region. The bank's continued partnership with the SBA ensures that entrepreneurs and small business owners have access to the financial resources they need to thrive.

"We are honored to be recognized as the SBA’s top small lender in the Capital Region," said David S. DeMarco, President and CEO of Arrow Financial Corporation. “This achievement reflects our unwavering commitment to supporting the dreams and goals of local entrepreneurs. We look forward to continuing to fuel the success of our local business community for years to come.”

The SBA recently announced the most active lenders in a 34-county area, divided into three regions: Central New York, Capital Region and Southern Tier. The Capital Region, comprising Albany, Clinton, Columbia, Essex, Greene, Rensselaer, Saratoga, Schenectady, Schoharie, Warren and Washington counties, originated 213 guaranteed loans valued at $55 million during the 2024 fiscal year.

About The Arrow Family of Companies:The Arrow Family of Companies includes Glens Falls National Bank and Trust Company, Saratoga National Bank and Trust Company and Upstate Agency, LLC. They are all part of Arrow Financial Corporation, a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York.