Simmons Bank earned a platinum designation, the highest status awarded for a Small Business Administration lending business, according to a news release.
In October, Simmons received the 2020 Elite Lender designation from RMI Business Finance of Jefferson City, Mo.
The bank was honored for its work with SBA 504 Loans, which help approved small businesses attain long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization.
“Simmons Bank is proud to receive the Platinum Elite lenders designation awarded by RMI Business Finance,” said Mark Wilson, director of small business lending for Simmons Bank. “Our team works tirelessly to support small businesses across the country. It is an honor for Simmons to be recognized by RMI for the second year in a row.”