SBA Names Mazuma Credit Union SBA 7(a) Express Lender
KANSAS CITY, Mo. -- The Small Business Administration selected Mazuma Credit Union as a 7(a) program Express lender.
The $300 million credit union wasted no time in issuing its first Express loan, which closed June 1. The loan was written for LET Mechanical, a minority-owned plumbing and HVAC contractor; and a subcontractor for VSI Meter Services, Inc. VSI Meter is working a contract for Kansas City installing wireless meters in 1,500 homes. The loan, a working capital line of credit to support payroll, allowed LET Mechanical to hire eight new employees for the contract.