The SBA's preferred lender program has added the $315 million USC Credit Union to its ranks.

The designation allows the Los Angeles-based credit union to offer quicker loan approvals, closing, and servicing as well as liquidation authority. The SBA looks at production volume, members or customers' use of the agency's loans, a financial institution's handling of the loan documentation as well as its overall financial strength, according to the credit union.

USC CU said it launched its small business lending program more than a year ago.

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
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.