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.
Mountain America Credit Union was honored recently with two awards from the U.S. Small Business Administration’s Utah District–the 2011 Lender of the Year and the 2011 Blaine Andrus Memorial Award.
One credit union was recently named Utah’s top lender for 2011 by the SBA and two others are turning to the agency’s loans to help more small businesses.