SBA loans provide valuable source of revenue for your CU
The National Credit Union Administration will hold a webinar for credit unions interested in Small Business Administration loan programs on Feb. 15 at 2 p.m. The 90-minute session is free to attend, but registration is required. Click here to register.
The webinar comes at a time when SBA loans are a priority for LEVERAGE, a specialist in developing programs to improve performance for commercial lending or member business loans, an important growth area for credit unions. Recent reports obtained from SBA District Offices in both Florida and Alabama indicate that credit unions funded less than 1 percent of SBA loans in their respective districts for FY 2016.
Providing loans to underserved markets has been a hallmark of the credit union industry, so expansion into SBA lending fits perfectly within the longstanding paradigm of people helping people. SBA guaranteed loans allow credit unions to expand their member business lending presence, serving the small business marketplace with reduced risk.
LEVERAGE has the resources to on-board and train staff on origination, underwriting, and servicing of SBA loans. Click here to learn more about how LEVERAGE can save your credit union manpower hours while handling your SBA loan needs and increasing your bottom line. For additional details, email Rhea Oaks, or contact her by phone at 866.231.0545 x 1146.