Search
 

SBA Names Telesis Community CU Preferred Lender

CHATSWORTH, Calif.-Telesis Community Credit Union has earned Preferred Lender Program status from the Small Business Administration. "Combining our PLP authority and the ability to credit score the business owner's loan request will give us the leverage to better serve our small business members. When small business owners come to us...

By Staff Writer | Updated on May 11, 2004

CHATSWORTH, Calif.-Telesis Community Credit Union has earned Preferred Lender Program status from the Small Business Administration. “Combining our PLP authority and the ability to credit score the business owner’s loan request will give us the leverage to better serve our small business members. When small business owners come to us for their financing needs, we can give them a better turn-around time on their SBA loans. The faster we can approve an SBA loan, the faster our small business members can meet their financial goals,” Telesis President and CEO Grace Mayo said. PLP is the top of three SBA lender categories. Telesis is the first credit union in California to receive this designation. As a PLP member, Telesis has earned the right to a streamlined process and added flexibility in loan application and servicing requirements; expedited loan approval and other SBA decisions; and authority to originate and service guaranteed loans in the same manner as other loans. Telesis, headquartered in Chatsworth, Calif., has been an SBA lender since 2001. The credit union serves over 31,000 members and has over $420 million in assets.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.