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Becoming an SBA Lender Not as 'Laborious' as Some Credit Unions Might Perceive, SBA Expert Assures in NCUA SBA 101 Webinar

One question NCUA Board Member Gigi Hyland said she often gets asked by credit unions during her many travels is on the process of becoming a lender with the Small Business Administration.

By Michelle A. Samaad | Updated on September 26, 2006

ALEXANDRIA, Va. — One question NCUA Board Member Gigi Hyland said she often gets asked by credit unions during her many travels is on the process of becoming a lender with the Small Business Administration.

That was the impetus for NCUA holding its Sept. 14 SBA 101 Webinar, which featured Hyland and John Wade, SBA policy analyst. More than 235 registered for the session which touched on a number of topics about becoming an SBA lender including an overview of the agency’s 7(a), 504, and SBA Express loan programs; NCUA’s member business loan rule and how it relates to SBA programs; and due diligence issues related to member business lending and NCUA examination criteria regarding such activity.

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