WPCU Expands SBA Lending to Support Small Businesses via Partnership with Commercial Alliance
Wright-Patt Credit Union, Inc.® (WPCU®), a member-owned financial cooperative, is working to help more small businesses by entering into a strategic partnership with Commercial Alliance, a Michigan-based credit union service organization.This collaboration will add to WPCU’s existing business services, providing more options for members who dream of owning a small business. Commercial Alliance’s expertise enables the credit union to expand support for its Small Business Administration (SBA) 7(a) loan program, which provides government-backed financing to small businesses that might struggle to secure traditional funding.
“Having the capabilities to efficiently offer SBA loan products further enhances WPCU’s ability to help our member-businesses,” explains Kim Riley, Chief Experience Officer. “Integrating Commercial Alliance’s expertise into our program allows us to streamline processes, enhance financial solutions tailored to small business needs and ultimately help more members.”
“Small businesses are critical to our communities, so we’re excited to be able to expand our ability to support our region’s entrepreneurs,” says Jeff Adair, Chief Credit Officer.
Commercial Alliance leaders say the partnership reflects a shared focus on expanding access to capital for small businesses.
“Credit unions are at the heart of their communities, and we’re proud to collaborate with Wright-Patt Credit Union to strengthen its business offerings,” said Scott Wolffis, Chief Executive Officer of Commercial Alliance.
Shawn Wheeler, Chief Operating Officer of Commercial Alliance adds “Together, we’re creating greater opportunities for business owners through innovative lending solutions, streamlined processes and an enhanced member experience.”