The $2.5 billion Northwest Federal Credit Union in Herndon, Va., is among the latest to receive approval to become an SBA lender.
Thirteen counties in three states affected by drought this year included in SBA eligibility.
Michigan credit union adds to commercial lending services it launched in April.
As the one-year anniversary of Hurricane Sandy approaches, the SBA said it will continue to provide funding to small businesses affected by the storm.
Two years after the SBA released a rare report that highlighted the growing influence of credit unions within the small business sector, the agency has offered more proof that the cooperatives are continuing to hold their own.
Over the past few years, credit unions and finance companies have become increasingly important as suppliers of credit to small businesses.
Dominion’s supplier diversity program seeks out certified minority, female-owned, HUB zone and disabled service veteran-owned enterprises.
Reno credit union recently became first new SBA lender in northern Nevada in nine years.
The Small 7(a) Lender of the Year Award was shared by Village Bank & Trust of Des Plaines, Ill., and Eastern Bank of Boston.
Sen. Seth Goodall has applauded the support he received from his credit union when he started a landscape business.