- SBA loans are powerful anchor products that provide capital to fund small business cash-flow needs, equipment, vehicles, debt refinance, and real estate needs. Unlike traditional nonguaranteed business loans or unsecured lines of credit, SBA loans are guaranteed up to 90% by the federal government. These are competitively-priced, variable-rate loans with longer maturity terms which lower the monthly payment and cash flow needs for the small business owner by about 30%.
They are highly profitable, and the guaranteed portion does not count towards the business lending cap as established by the NCUA. With our program, you can set up quickly without hiring a team of professionals and keep administrative expenses down since expenses are shared among all participants.
- Participation loans provide an additional revenue source when you participate with other credit unions in sourcing and/or funding of commercial real estate loans.
- Business loan referrals allow you the ability to refer loans into the program that do not fit your business lending criteria or you cannot fund. This allows you to serve your members needs and generate a new source of revenues.
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