For the $1.9 billion Redwood CU in Santa Rosa, Calif., a new designation givesit the authority to approve, close, service, and liquidate U.S.Small Business Administration loans.
|“As a preferredlender, we will be able to shave about two weeks off the loanprocess, which is a great benefit to our business members who areanxious to receive funding so they can fulfill their plans to growand improve their businesses,” said Michael Downey, senior vicepresident of business services at RCU.
|In 2008, RCUsaid it became the first credit union in the North Bay to introduceSBA lending, and has consistently ranked among the top local SBAlenders for the past two years.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
