Teachers Credit Union (TCU), is proud to announce its new partnership with the U.S. Small Business Administration (SBA), which has designated the credit union as an SBA Lender. With its partnership with the SBA, TCU will be able to offer a broader selection of commercial loans to entrepreneurs and small business owners who want to start, grow, or expand their businesses.
“We are excited to welcome TCU as an SBA Lender,” said Indiana District Director Stacey Poynter. “With an SBA guaranty backing their commercial loan, entrepreneurs have greater opportunities to start, grow, and expand a small business and live out their American dream.”
As an SBA Lender, TCU will be able to increase its efficiency, creating better service for its members. A process that has historically taken weeks for each 7(a) loan will now be able to be accomplished in a day or two.
“We are very pleased to be able to broaden our commercial portfolio by partnering with the SBA,” said Dick Sauerman, vice president of commercial lending at TCU. “As an SBA lender, TCU will be able to provide our members with more efficient and comprehensive service, something on which our organization prides itself.”
Teachers Credit Union (TCU) is Indiana’s largest Credit Union with more than $4 billion in assets, 55 branches throughout Indiana and southwestern Michigan, and more than 306,000 members. TCU offers traditional financial services including checking, savings, mortgages, and credit cards, as well as non-traditional services such as investments and insurance. Since its founding in 1931, TCU has focused on making a positive impact on its members and the community. For more information about TCU, visit tcunet.com.
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.