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AVANA CUSO to host webinar on SBA 504 Loan Program benefits for credit unions

Credit union professionals invited to second webinar

GLENDALE, AZ (June 7, 2024) — AVANA CUSO, a credit union service organization that specializes in commercial real estate lending, is hosting a webinar exploring the intricacies of the SBA (Small Business Administration) 504 Loan Program and its benefits on credit unions and their small business members. This free webinar is an opportunity for credit union professionals to learn how the SBA 504 Loan Program can empower their members and fuel their entrepreneurial dreams.

The webinar will take place on June 18, 2024, at 11:00 am PST, educating participants on how to unlock the potential of SBA 504 lending for credit unions and their small business members. Insights will be shared from the leaders at one of AVANA CUSO’s SBA lending partners, Mountain West Small Business Finance, one of the Nation’s Top Certified Development Companies. The speakers at the webinar include Curtis Singleton, Vice President, Loan Officer at Mountain West Small Business Finance, and Spencer Davis, Senior Vice President at Mountain West Small Business Finance, and moderated by Chad Witcher, Chief Operating Officer at AVANA CUSO.

“The main challenge credit unions face when originating an SBA loan is often related to the complex underwriting and servicing process,” said Chad Witcher, Chief Operating Officer at AVANA CUSO. “Partnering with a CUSO with in-depth experience and resources, particularly in owner-occupied underwriting, can help credit unions confidently navigate the SBA loan process to best serve their members. An SBA 504 loan can help entrepreneurs acquire, renovate, or build commercial real estate, while their flexible loan structures, competitive rates, and relatively lower advance rates provide financing solutions that are scalable to credit unions’ future growth.”

This webinar will dive into the SBA 504 Program, providing a clear understanding of how this program works and its unique benefits for both credit unions and small businesses. Participants will discover how 504 loans can help credit union members achieve their business goals while strengthening the credit union’s offerings. The webinar will also explore the common misconceptions surrounding the 504 program and its differences from the SBA 7(a) loan, separating myth from reality. Finally, credit union professionals will learn how collaborating with Certified Development Companies (CDCs) simplifies the loan process for both credit unions and their members.

This is the second webinar in AVANA CUSO’s webinar series. The first webinar, taking place earlier this year in February, explored effective portfolio management and problem loan resolutions. AVANA CUSO is on a mission to educate credit union professionals on best practices to elevate their members’ experience with this webinar series.

To register for the webinar, visit: https://rb.gy/9izv49

About AVANA Companies

The AVANA Family of Companies (AVANA) is dedicated to stimulating local economies and contributing to clean energy development across the United States. Founded in 2002 by brothers Sundip and Sanat Patel, Avana Companies is a family of lending platforms that serve entrepreneurs and investors. The company’s goal across the lending programs is to empower American small businesses by providing commercial real estate loans that are impactful and socially driven. For investors, Avana Companies provides sound investment opportunities secured by real estate and driven by highly qualified sponsors. AVANA CUSO, a credit union service organization that specializes in commercial real estate lending, is a key part of AVANA’s commitment to providing diverse and comprehensive financial solutions. AVANA is headquartered in Arizona and serves small business owners and investors across the United States and globally. AVANA invests in the communities it serves, creating jobs, stimulating economic growth and contributing to sustainable projects. AVANA has recently been named to the 2021 Inc. 5000 List of America’s Fastest-Growing Private Companies. AVANA Capital, LLC is licensed in California under DBO license number 603K752 and in Arizona under CBK license number 0921662. To learn more, visit www.avanacompanies.com or follow AVANA Companies on LinkedIn.