SALT LAKE CITY — Member Business Lending, LLC has partnered withtwo more credit unions bringing its total client roster to 23.
|The latest are the $624 million Hollywood, Calif.-based FirstEntertainment Credit Union, which serves more nearly 53,000 membersin the entertainment industry and the $194 million Utah FirstFederal Credit Union based in Salt Lake City, which serves morethan 20,530 members along Utah's Wasatch Front.
|Founded in 2004, MBL has become a formidable player in the smallbusiness lending arena. Over the past month, MBL-affiliated creditunions originated 56% of all credit union-based SBA 7(a) loans inthe U.S., according to the CUSO. In addition, MBL ranks 20th in thenation among all lenders for number of SBA 7(a) loans processed. InJune, the CUSO opened a regional office in Hawaii.
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