SAN ANTONIO — United San Antonio Federal Credit Union has been approved to participate in the Small Business Administration's 7(a) loan program.
The 7(a) program can be used to boost capital for start-up ventures or expand small businesses. Under the program, the SBA may guarantee up to $1.5 million of the loan made by a private-sector lender provided the total loan amount does not exceed $2 million, according to the agency.
“We are excited to be able to offer this new financing option to members and potential members,” said Steve Coomes, president/CEO of $215 million United SA. “Many in this community possess an entrepreneurial spirit and we look forward to helping them realize their dreams of business ownership or expansion.”
More than 300 credit unions are currently offering SBA 7(a) loans.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 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.
