The $210 million Louviers Federal Credit Union is the latest credit union in Delaware to become an SBA lender.
According to Mike Rossi, SBA's lender relations specialist, "Louviers demonstrated the ability to issue, service, and liquidate commercial loans based on all SBA requirements. We welcome them to the already strong pool of banks and credit unions in Delaware that finance the small business community."
The new designation will allow Louviers to develop its business lending services for members and the small business community at large, said James Everhart, president/CEO of the Newark, Del.-based credit union.
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