The leaders of the SBA and NAFCU met Wednesday to advance the agency's goal ofhelping more credit unions make small business loans to theirmembers.
SBA Administrator Maria Contreras-Sweet and NAFCU President/CEODanBerger met at the $95 million Washington Gas Light FederalCredit Union in Springfield, Va., to sign a Memorandum ofUnderstanding that emphasized the two organizations' willingness towork together.
Among the goals were to draw attention to the SBA's loanprograms, particularly the agency's micro loans, which are definedas business loans for less than $50,000, according to Ann MarieMelhum, SBA's associate administrator for capital access.
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