|

St. Mary's Credit Union named SBA Lender of the Quarter

Officials from St. Mary's Credit Union accepts an award from the U.S. Small Business Administration for being named as SBA Lender of the Quarter.  Photo/submitted

Officials from St. Mary's Credit Union accepts an award from the U.S. Small Business Administration for being named as SBA Lender of the Quarter.
Photo/submitted

Marlborough – St. Mary's Credit Union has been named SBA's Lender of the Quarter for the second quarter of fiscal year 2014 (January 1,2014 – March 31, 2014), ?according to a recent announcement made by Robert H. Nelson, Massachusetts district director of the U.S. Small Business Administration (SBA).

A certificate of recognition was presented to the credit union in a special ceremony that included SBA Regional Administrator Seth Goodall and District Director Bob Nelson April 28. Representing the credit union were a group of directors, senior management and staff.

“We are delighted to recognize St. Mary's Credit Union for their excellent SBA activity for the quarter,” said Nelson. “During the past quarter, the credit union has completed six SBA loan approvals representing very strong activity and a commitment to small business and SBA programs. ?Congratulations to St. Mary's Credit Union!”

St. Mary's Credit Union Chairman of the Board Gerard P. Richer accepted the award along with President and CEO James C. Garvey.

“Small businesses are the economic engine of our economy.? Anything that we do to foster and support small business growth ultimately benefits everyone,” Garvey said.

The SBA, under its 7(a) Loan Guaranty Program, can guarantee loans up to $5 million.? Loans are available for most business purposes, such as to purchase commercial real estate, equipment, and inventory as well as for short-term working capital. For more information about SBA loan programs, visit www.sba.gov.

St. Mary's Credit Union, founded in 1913, is a $640 million full service financial institution offering consumers and businesses a comprehensive range of products and services in Metrowest and Central Massachusetts. Visit www.stmaryscu.org for more information.

 

Short URL: http://www.communityadvocate.com/?p=48639

Posted by on May 1 2014. Filed under Business, Byline Stories, People and Places. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Please complete this math problem before clicking Submit * Time limit is exhausted. Please reload the CAPTCHA.

Recently Commented

  • Terry: As a town resident who rides by this development twice a day it nice to see how it is taking shape. I feel...
  • Tom Morgan: View the concert at http://71.248.188.158/vod/6905 -Congregational-Church-of-W...
  • Marguerite Cormier: My home is just down the street, this will be a wonderful additional to the neighborhood! Thank...
  • Stacey Levine-Lavely: Jimmy Kang is also an officer of the organization.
  • Troy Hillard: Great to see some great people in our industry get some recognition. Great work Troy Hillard Wash Rite...