The $2.5 billion Northwest Federal Credit Union is among the latest to receive approval to become an SBA lender.

The Herndon, Va.-based credit union said the new designation allows it to serve community businesses looking to expand, consumers in the market for start-up funding or Realtors with clients seeking commercial properties.

Northwest Federal said it has hired Tony Price as the credit union's new SBA manager. Price's commercial lending experience includes working at a local community bank, Capital One and Wachovia/Wells Fargo, where he spent 10 years, according to Northwest Federal.

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