NBEDC Loan Officer Wins SBA Award for Women-Owned Business Advocacy

Nancy Gibeau, New Bedford Economic Development Council senior loan officer, has been selected to receive the US Small Business Administration’s 2007 Massachusetts and New England Women in Business Advocate awards. The announcement was made by Maurice Dubé, Massachusetts SBA Director.
The Women in Business Advocate award is presented annually to an individual or individuals who have fulfilled a commitment to the advancement of women’s business ownership.
“Nancy Gibeau exemplifies the talent, business savvy and vision required to be a recognized leader in the southeastern Massachusetts business arena.” said SBA Director Dubé. “This award is an example of the high regard in which she is held in her community.”
While Ms. Gibeau has worked in banking, lending, and economic development for more than 15 years, the SBA award is recognition for her efforts to increase business and financial opportunities for women. In her current position, Nancy has provided millions of dollars in financing to women-owned businesses throughout southeastern Massachusetts.
NBEDC executive director Matthew Morrissey said, “Nancy is an invaluable member of our team. Her work is very important to the mission of this organization. Our lending program is up 230% from last year and Nancy’s fine work is well reflected in that increase. We are especially proud of Nancy’s outreach work to women who are starting up or expanding their business.”
As loan officer, Nancy is responsible for several types of NBEDC loans and often helps business owners find conventional financing. “I’ve seen a significant increase in women-owned business loans over the 6 and a half years I’ve worked at the NBEDC,” said Ms. Gibeau. “From the dream stage to the multi million dollar level, we’ve seen all kinds of business start up and flourish.”
Ms. Gibeau volunteers countless hours counseling and educating women. She has created and sponsored training workshops for low income and disadvantaged women, and is a major player in an annual business forum for women, and volunteers to help school age girls and boys. Among her partners are the YMCA, YWCA, SBA, Center for Women in Enterprise, and Commonwealth Corporation.
“I am honored to be considered for this award,” said Ms. Gibeau. “I’m happy to lend my experience and help, especially to women in business.” The award will be presented May 11 at an awards luncheon sponsored by the Merrimack Valley Chamber of Commerce.

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