Building on its suite of business services, Bay Winds FederalCredit Union said it has received approval to become an SBAlender.
|The $162 million credit union in Charlevoix, Mich., said the newdesignation will allow it to continue expanding the commerciallending services it began offering in April.
|“By adding SBA loans to our available services, we enhance ouralready extensive business offerings,” said David Leusink,president/CEO of Bay Winds FCU.
|Proceeds from the SBA loans may be used to establish a new business or to assistin the acquisition, operation, or expansion of an existingbusiness, the credit union said.
|The loans also present opportunities to business owners whomight not otherwise qualify for conventional lending, according toBay Winds FCU.
|The credit union serves nearly 26,000 members.
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