SAN DIMAS, Calif. – The ins and outs of the SBA’s loan program will be on the agenda for an upcoming seminar for California’s credit unions. WesCorp, the California Credit Union League, and the SBA’s Los Angeles District Office have teamed up to provide CUs with resources to learn about SBA loans, the review process, and the requirements associated with becoming SBA-approved lenders. A day-long seminar, which will take place on June 14 in Burbank here, will feature SBA, NCUA and the California State Department of Financial Institutions officials. Also on hand will be local credit union leaders who already manage successful SBA-approved lending programs. A free Webcast will also take place at 11 a.m. PDT on June 1 to address preliminary questions about the SBA’s loan programs and to foster interest and participation in the June 14 seminar. Twenty-four of California’s 574 credit unions are SBA-approved lenders. It is expected that the precedent setting event will attract more than 150 credit union representatives from throughout the state, according to WesCorp. “We’re looking to give credit union executives a fundamental look at the benefits of commercial lending and the new SBA Express Lending Process,” said Sheri Ledbetter, WesCorp’s director of public affairs and one of the key figures planning the event. “For those leaders unsure of the benefits and timeliness of SBA lending, the informational webcast that we’re planning on Wednesday, June 1, prior to the seminar, will provide the opportunity to review common questions and concerns.” Additional information on the Webcast and seminar will be made available as plans are completed and posted at www.wescorp.org.
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