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CU Times Senior Staff Reporter

WASHINGTON — As recently as this February, CUNA President/CEO Dan Mica said one way to increase the number of credit union lenders in the Small Business Administration’s loan programs is to continue efforts to process applications faster.

Steven Preston, who became SBA administrator in July 2006, recently left the agency to head up the Department of Housing and Urban Development. At press time, President Bush had nominated Sandy Baruah as Preston’s successor. Baruah has served as assistant secretary of the Economic Development Administration at the Department of Commerce for the past two and a half years. Confirmation is scheduled to come from the Senate Committee on Small Business and Entrepreneurship.

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