RICHLAND, WA (February 12, 2025) |
Gesa, a community-focused credit union, has once again secured its position as the number one Credit Union SBA 7(a) lender in Washington and Oregon, marking its second consecutive year of leading the region in empowering small businesses through strategic and tailored financial solutions.
“At Gesa Credit Union, we recognize that small businesses need access to capital, and we are proud to that capital out for business growth,” said Paul Long, AVP, SBA Lending Manager at Gesa Credit Union. “Our team works hard to help business owners acquire businesses, purchase real estate and equipment to help their business grow.”
Gesa’s SBA lending program has experienced notable growth over the last year. In 2024, Gesa approved a total of 47 SBA 7(a) loans across Washington and Oregon, with an overall value of $37.2 million. Additional key highlights from Gesa’s SBA 7(a) lending performance in 2023 and 2024 include:
Washington
- 2024: Approval Count – 43, Approval Amount – $32.4 million, Average Loan Size – $753,879.
- 2023: Approval Count – 36, Approval Amount – $29.3 million, Average Loan Size – $814,239
Oregon
- Oregon 2024: Approval Count – 4, Approval Amount – $4.8 million, Average Loan Size – $1.2 million.
- Oregon 2023: Approval Count – 1, Approval Amount – $700,000, Average Loan Size $700,000.
Gesa’s commercial banking division offers a wide range of financial products designed to meet the unique needs of small business owners, including SBA loans, competitive checking and savings rates, and professional business advisors. Federally Insured by NCUA. The credit union’s team of experienced local lenders ensures business leaders receive the guidance and flexibility they need to achieve their financial goals.
To learn more about Gesa’s commercial banking services, visit www.gesa.com/commercial-banking/.