SERVICE FIRST FEDERAL CREDIT UNION BECOMES A SMALL BUSINESS ADMINISTRATION APPROVED LENDER

Sioux Falls – Small businesses in South Dakota have a new source of financing backed by the U.S. Small Business Administration. The South Dakota SBA District Office has announced Service First Federal Credit Union, Sioux Falls, is now an SBA lender under the 7(a) Guaranteed Loan Program.  This loan program is the SBA’s primary business loan program and is used most frequently because of its flexibility in loan structure, variety of loan proceeds uses and availability. Travis Kasten, President of Service First FCU, and John L. Brown II, District Director of the SDDO, signed the agreement on June 14, 2012.

“We are pleased to have Service First join our community of lenders who provide SBA funding to those wanting to start or expand their business,” said District Director Brown.