First credit union to receive SBA accreditation in Portland, Ore., Western Wash.
In February 2009, Columbia Credit Union became the first credit union across the Portland metro and Western Washington areas to be selected as an SBA Preferred Lender by the U.S. Small Business Administration. The credit union was already an area leader in SBA loans, but the accreditation means business members can be funded more quickly.
Preferred status allows Columbia to approve SBA guaranteed loans with minimal review and "give small businesses faster loan application response," said Coletta Bruce, Columbia Vice President of Business Lending.
Columbia was named an SBA Preferred Lender because of its successful track record with business loans and its thorough understanding of SBA lending policies and procedures. "Preferred Lender status is the SBA's premier accreditation," said Dennis Lloyd, Regional Director for SBA Loans. "This puts Columbia Credit Union in the company of top lenders in the area." As of October 2009, Columbia was listed among the top 10 SBA lenders in the Portland-Southwest Washington market.
Columbia's business lending department has more than 150 years of combined lending experience and specializes in SBA loans. "We stay current on SBA loan information and issues," said Bruce. "We're dedicated to helping Southwest Washington small businesses find the business loan that works best for them."
The SBA was established by the federal government in 1953 to help Americans start, build and grow businesses. SBA loans offer competitive rates and are fully amortized.
Schedule an appointment with a Columbia Credit Union business lending professional by clicking the button below or calling 360.619.3060.
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