Malvern, Pa. (January 10, 2025) – Meridian Bank, headquartered in Malvern, has once again been recognized as a top SBA lender nationwide by the U.S. Small Business Administration.
Meridian ranked in the top 10% of SBA lenders nationwide for the total dollar value lent and the number of loans approved. Meridian was the top Pennsylvania-based lender in Greater Philadelphia ranked by the Philadelphia Business Journal for local SBA 7(a) lending. For the fiscal year ending Sept 30, 2024, Meridian Bank approved 120 SBA 7(a) loans totaling $98.5 million, with an average loan size of $820,911.
Rocco Perate, Executive Vice President, SBA Lending, said, “Being recognized alongside big, national banks and consistently ranking as a top SBA lender reflects our unwavering pursuit of excellence and our total commitment to empowering small businesses in achieving their funding goals.”
Perate and his team are headquartered in Meridian’s Philadelphia office at 1760 Market Street and can be reached at sba@meridianbanker.com.
About Meridian Corporation
Meridian Bank, the wholly owned subsidiary of Meridian Corporation (Nasdaq: MRBK), serves Pennsylvania, New Jersey, Delaware, Maryland and Florida through a network of bank branches, mortgage and wealth management offices. Offering a full suite of financial products and services, Meridian specializes in business and industrial lending, retail and commercial real estate lending, electronic payments and wealth management solutions, along with a menu of high-yield depository products, all supported by robust online and mobile access. For additional information, visit www.meridianbanker.com. Member FDIC. Equal Housing Lender.
