United San Antonio FCU to Offer SBA Loans

Published June 19, 2007, 6:35 p.m. EDT

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Updated August 27, 2020, 1:49 a.m. EDT

1 Min Read

SAN ANTONIO – United San Antonio FCU announced yesterday it has been approved by the Small Business Administration to offer its members guaranteed loans under the SBA’s 7(a) program. Under the 7(a) program, the SBA will guarantee up to $1.5 million of the loan made by a private-sector lender provided the total loan amount does not exceed $2 million. United San Antonio FCU has about $215 million in assets and serves the surrounding Bexxar County. There are about 15 credit union that participate in the SBA guaranteed loan program.

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