NCUA, SBA to host 2nd webinar on CU small biz lending
The NCUA and Small Business Administration (SBA) will host a webinar aimed at strengthening credit unions' small business lending Nov. 13. While the first webinar hosted by the agencies last month provided an overview of their efforts, this second webinar will provide detailed information on prudent steps lenders can take to preserve loan guarantees.
The SBA and NCUA signed an MOU earlier this year aimed at increasing awareness of SBA programs and launching a three-year collaboration to provide webinars, training events and media outreach meant to increase credit unions' understanding and usage of SBA-backed loans and resources.
The Nov. 13 webinar will feature staff from the NCUA's offices of Credit Union Resources and Expansion, and Examination and Insurance, as well as the SBA's offices of Financial Assistance, Financial Program Operations, and Credit Risk Management.
Topics for the webinar – slated to begin at 2 p.m. Eastern – will include preserving credit union lenders' loan guarantees through the origination, servicing, and lender review cycles.
Registration for the webinar is now open. Questions can be submitted in advance by emailing the NCUA at firstname.lastname@example.org.
NAFCU works closely with the SBA to expand access to credit union small-dollar loans to small businesses across the nation. NAFCU and the SBA in September signed a new Strategic Alliance Memorandum (SAM) to strengthen their partnership. The association's September-October edition of The NAFCU Journal also includes a feature on SBA loan programs and how credit unions have seen success by participating in them.
At NAFCU's Congressional Caucus in October, SBA Regional Administrator for the Mid-Atlantic Region Michelle Christian gave an update on NAFCU's partnership with the agency to increase the number of credit unions offering certain SBA loans. She also shared how the Trump administration is working to increase small business lending.