Anchorage – Alaska USA Federal Credit Union was selected as the Alaska U.S. Small Business Administration’s (SBA) 504 Lender of the Year for 2013. This award recognizes Alaska USA Federal Credit Union’s commitment to providing financial assistance to businesses located in Alaska during the federal fiscal year. The recognition is given to the lender with the highest number of 504 approved loans as of the program's year-end date of Sept. 30, 2013. The SBA's 504 program provides long-term, fixed-rate; subordinate mortgage financing for acquiring or renovating capital assets including land, buildings and equipment. Any type of financial institution, located anywhere in the United States, may be considered for this award.
“Alaska USA Federal Credit Union is honored to receive this award. We strongly support the SBA/504 loan program, as it provides a significant alternative to traditional commercial financing for our business members,” said David Hamilton, executive director Business and Commercial Services, Alaska USA Federal Credit Union.
With 7 SBA 504 loans approved during the fiscal year ending September 30, 2013, totaling $9,550,128, Alaska USA Federal Credit Union has made a significant impact on Alaska’s small businesses.
“SBA 504 loans are an important resource for the small business community. Alaska USA Federal Credit Union was selected for the Top SBA Alaska 504 Lender of the Year due to their steadfast commitment to supporting the growth and expansion of small businesses,” said Regional Administrator Calvin Goings.
“Alaska USA Federal Credit Union and our other SBA lending partners play vital roles in financing new Alaskan small businesses, and facilitating the expansion of existing businesses,” said Sam Dickey, Alaska SBA District Director. “We are proud to recognize Alaska USA FCU for their success in using SBA’s loan guaranty programs to provide our small business community with access to capital.”
For more information, please contact Scott Swingle in the U.S. Small Business Administration Alaska District Office, 907-474-4878.