DENVER – Public Service CU is one of seven local lenders approved by the U.S. Small Business Administration to participate in the SBA Export Express loan guaranty program.
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The SBA said Export Express is the simplest export product offered by the SBA and allows participating lenders to use their own forms. The SBA provides an answer in 36 hours or less.
Loans made through Export Express up to $350,000 have a 90% guaranty, while loans between $350,000 and $500,000 have a 75% guaranty.
The other Denver lenders approved were: Vectra Bank Colorado; CoBiz Bank; First State Bank; Guaranty Bank and Trust; Timberline Bank, and Versus Bank of Commerce.
