The $358 million Members Choice Credit Union in Houston has beennamed to the Preferred Lender Program by the U.S. Small BusinessAdministration.
|The designation allows it to make final credit decisions andmost servicing and liquidation authority for the SBA's 7(a) loanprogram, according to the CU.
|After launching its business lending department in 2009, MembersChoice was recognized by the SBA's Houston district office for itsloan performance in January. To date, the 36,000-member creditunion said it has granted over $16 million in business loans to avariety of small businesses.
|“Being a part of [the PLP] program allows Members Choice CreditUnion to help create jobs and further economic development in ourarea, and we couldn't be happier about that,” said Steve Gilman,president/CEO.
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