The National Federation of Community Development Credit Unions has announced it is partnering with the Community Reinvestment Fund USA to launch a software platform that will allow community development credit unions to more easily make loans with the Small Business Administration.

The Minneapolis-based CRF, a community development financial institution, developed the software, which will allow credit unions to originate loans through the SBA totaling between $25,000 and $5 million, the National Federation said. The new software will also facilitate the process between both borrowers and lenders, the organization added.

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