LEVERAGE, the League of Southeastern Credit Unions' service corporation, announced Monday it formed a new subsidiary to help credit unions offer Small Business Administration-guaranteed loans.

The company formed LEVERAGE Business Lending through a partnership with the Chattanooga, Tenn.-based Capital Growth Solutions, a highly experienced SBA lender according to LEVERAGE COO Lisa Burroughs.

Has your credit union considered participating in SBA 7(a) loan program?

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"We have years of experience with SBA lending through the partnership with Capital Growth," Burroughs said. She explained the company chose Capital to reassure credit unions that are looking to offer SBA-guaranteed loans but fear their complexity might lead them to inadvertently void the guarantee.

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Lending