Notre Dame Federal Credit Union (FCU) has entered into an agreement with the U.S. Small Business Administration (SBA) to offer qualified loans to its commercial members. Notre Dame FCU has been approved to offer SBA 7(a) and 504 loan guarantee programs backed by the SBA guarantee.
"We are excited to add SBA loan guarantees as an additional option for our business owners," said Jonathan Heeringa, Notre Dame Federal Credit Union Chief Lending Officer. "The SBA programs provide a way for many small, start-up companies to get the financing they so desperately need in order to grow."
"The SBA Indiana District Office is pleased to welcome Notre Dame Federal Credit Union as an approved 7(a) and 504 lender. This new partnership represents a great opportunity to help their clients start and grow their small businesses and to help bring positive economic impact to their communities," stated Stacy Poynter, SBA Deputy District Director.
The expansion of commercial lending is a continuation of the vision established by Notre Dame FCU President/CEO Tom Gryp when he joined the credit union in 2010. "In order for us to provide ways for our members to achieve financial empowerment, expanding the breadth of our lending capabilities is critical," Gryp commented. "Notre Dame FCU is better prepared now than ever before to help our members' lives not only here in Michiana, but nationwide."
About Notre Dame Federal Credit Union
Notre Dame Federal Credit Union, headquartered in Notre Dame, Indiana, is a not-for-profit financial cooperative. With assets in excess of $470 million, Notre Dame FCU’s dedicated partners (employees), coupled with a wide array of financial services, provide members a personalized experience at the credit union’s nine convenient branch locations, its virtual branch (Shamrock Center), and through its robust online banking platform and mobile apps. From its humble beginnings in May of 1941, operating out of the night watchman’s office in the Main Building on the campus at the University of Notre Dame, Notre Dame FCU has grown into a national financial institution, serving its 58,000 members in all 50 states and throughout the world.