Numerica 1st In Wash. To Be SBA Approved

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Numerica Credit Union has become the first credit union in Washington State to be approved as an SBA 7(a) Participating Lender. The approval authorizes Numerica to grant regular SBA term loans throughout the Spokane District, which includes 20 counties in Eastern Washington and 10 counties in Northern Idaho. The 7(a) loan programs include small business lines of credit, SBA Low Documentation Program, SBA Pre-Qualification Loan Program, SBA Express, and the Idaho Prime Loan Program. The credit union said the approval process took 90 days, and that it plans to begin funding loan requests by the third quarter of this year. Numerica CU is also an affiliate with CU Business Group, a business lending/services CUSO owned by Northwest Corporate and First Corp.

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