SBA Seeks Further Partnership with CU Community
CUNA and the SBA are looking for ways to involve more credit unions in SBA programs. CUNA is asking its members to complete an online form to collect information from credit unions that are interested in participating. SBA 7(a) loan programs guarantee from 50% to 90% of the loan balance. The amount of the loan secured by the SBA guarantee does not count towards a credit union’s 12.25% MBL cap. [1/20/15]