For its Small Business Administration lending efforts, Langley Federal Credit Union said it was recently named the top credit union in loan production for its district.
Virginia credit union does $1.35 million SBA loan volume for fiscal year ended Sept. 30.
Waived fee initiative effective Jan. 1 and will run through Sept. 30, 2014.
The SBA said Oct. 29 it supported more than $29 billion in lending to small businesses this fiscal year, making 2013 the third highest in lending activity in the agency's history.
Losses like the $3 million case involving the SBA and Alabama One can be avoided, experts say.
Self-help course for small businesses offered through agency website.
Agency said supported more than $29 billion in lending in fiscal year ended Sept. 30
Biz2Credit, a New York company that connects small business with lenders, discovered that scenario during its recent monthly analysis of 1,000 loan applications.
Technology Credit Union expands SBA program with goal of helping more members grow their businesses in Silicon Valley and greater Bay Area.
The $2.5 billion Northwest Federal Credit Union in Herndon, Va., is among the latest to receive approval to become an SBA lender.