Thanks to funding from Bethex Federal Credit Union, a member was recently able to purchase the building that houses South Bronx businesses.
A new curriculum to support business owners through training, technical assistance and mentoring has been developed by the SBA and FDIC.
The SBA has named Alaska USA Federal Credit Union the state’s number one lending institution in the agency’s 504 loan program for 2011.
The SBA has opened a second application period for nonprofit intermediary lenders to apply for a pilot program that provides loans up to $200,000.
David Adams cited for helping Michigan credit unions sharply increase small business lending.
The SBA has named Michigan CUSO Commercial Alliance its Community Lender of the Year from agency partner Michigan Certified Development Corp.
Massachusetts credit union can now underwrite commercial loan products in SBA Express and Patriot Express programs.
In its latest push to gather support for increasing the member business lending cap, NAFCU recently called on the SBA to aid in the fight.
The SBA said that micro commercial and industrial loans accounted for most of the lending growth in the fourth quarter of 2011.
Under a new bill, a separate SBA loan approval and repurchase program would be established for credit unions.