First CU Expands Enterprise Loans

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First CU celebrated the first year of its low-interest First Enterprise Loan program, which targets job-creating small business loans in low income areas.

The $470-million credit union said its board has earmarked $2 million for the loans this year, up from $1.4 million last year.

The loans are designed to support businesses that benefit or create jobs or services for low- and moderate-income people and communities in Arizona and can be used in conjunction with federally guaranteed loans under the Small Business Administration's 7a program.

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