VACAVILLE, Calif. — Although relatively new to business lending,Travis Credit Union has still managed to earn the Small BusinessAdministration's Preferred Lender status.
The $1.7 billion credit union will now be able to process SBAloans much faster including a one-day turnaround on applications.According to SBA, financial institutions must show a proficiency inprocessing and servicing SBA-guaranteed loans in order to earn thePreferred Lender status.
Dave Purcell, vice president of business services and realestate lending at Travis CU, said the new designation will go along way in improving service to business members.
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