WEST JORDAN, Utah (6/8/15)--The U.S. Small Business Administration (SBA) recognized Mountain America CU as the top credit union SBA lender in the United States.
The West Jordan, Utah-based credit union was No. 1 among credit unions, approving 150 SBA loans totaling nearly $27 million in 2014.
"Small businesses are the backbone of the economy,” said Nathan Anderson, Mountain America executive vice president/chief operating officer. “We're proud that business owners can turn to Mountain America for business loans with low rates and flexible terms, helping the economy to grow and thrive."
Mountain America CU operates under the SBA's Preferred Lender Program and Express Lender designations, which delegate the final credit decision as well as most servicing and liquidation authority and responsibility to selected lenders.
Mountain America received the award May 5 at an event hosted by the SBA Utah District Office.