X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COLORADO SPRINGS, Colo. – Ent Federal Credit Union joins the growing number of credit unions that have received a U.S. Small Business Administration license to offer 7(a) loans. SBA’s 7(a) loans carry a maximum amount of $2 million and loans of $150,000 or less carry a maximum guarantee of 85%. For loans greater than $150,000, the maximum guarantee is 75%. The interest rates, which can be fixed or variable, are negotiated between the borrower and the lender but are subject to SBA maximums and are pegged to the Prime Rate. “The addition of the SBA 7(a) lending to the Ent Federal suite of services ensures that we can meet the expanding financial needs of our membership and the community,” said Charles Emmer, Ent Federal’s president/CEO. “We have a knowledgeable team of financial professionals to help small business owners identify and use the right services to achieve both their personal and professional goals.” Ent Federal serves 161,000 members and has $1.7 billion in assets.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.