Justine Petersen awarded 2019 Illinois SBA Microlender Intermediary of the Year

Katie ArnoldJP In The News, News

From The Illinois Business Journal

Justine Petersen, a nonprofit that has helped scores of small businesses in Southwestern Illinois in obtaining funding, has been recognized as the leading SBA Microlender in the state of Illinois for the fifth consecutive fiscal year.

Delayed by the COVID-19 pandemic, the SBA typically announces the award in the spring following the end of the fiscal year.  According to the SBA’s formal announcement, “This award is presented to a SBA Microlender that leads SBA microlensing activity in Illinois.  Factors considered were total loan volume and historical performance.  For FY 2019, Justine PETERSEN was the lead SBA Microlender and has delivered 87 loans and over $362,000 to small businesses in Illinois.”

Justine Petersen has offices in St. Louis and in Granite City and is now advancing efforts in both the Peoria and Springfield markets.