To mark the granting of its first SBA Patriot Express loan, Financial Resources FCU has helped a veteran of the U.S. Navy make the transition to entrepreneur.
Michael Eosso said he will use the loan to help open his chiropractic office in Branchburg, N.J., according to the $400 million credit union in Bridgewater.
“This loan has allowed me to get office space and purchase necessary equipment … for that, I am very grateful,” Eosso said.
Earlier this year, Financial Resources FCU said it became the first credit union in the area to be a part of the Patriot Express Pilot Loan Initiative program created by the SBA to help veterans and other members of the military community establish or expand small businesses.
Marc Sovelove, senior vice president of lending, said he and his member business lending team worked closely with Eosso to make the loan process more accessible and easy to use.
In addition to approving its first Patriot Express loan, the credit union was recently approved as an SBA Preferred Lender.