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Middletown-based Greater Hudson Bank announced a partnership with Newtek Business Services Inc., based in New York, to finance independently owned and operated businesses with small business loans ranging from $50,000 to $5 million.
Greater Hudson Bank said this partnership will allow the bank to provide more assistance and support to small businesses with the goal of growing the economy and creating jobs.
“We are appreciative that Greater Hudson recognizes our special business loan products are a natural fit for their customer base,” Barry Sloane, president and CEO of Newtek said.
Greater Hudson Bank runs five branches in the Hudson Valley and manages some $300 million in deposits.
