Alaska USA recognized for its community loan program

Alaska USA Federal Credit Union has been recognized as a leading lending institution for the U.S. Small Business Administration’s 504 loan program by Evergreen Business Capital.

Alaska USA received the award for Top Alaska Community Lending Institution. Alaska USA’s commercial loan officer Joe Donahue won Top Producer for the number of loans processed through Evergreen Business Capital.

All community-lending institutions are eligible for the award. Recognition is given to the lender with the most approved SBA loans as of Sept. 30, 2015. The SBA 504 loan program provides long-term, fixed-rate financing designed for small businesses and was established to contribute to the economic development of communities.

“Alaska USA is honored to receive these awards,” said Dave Hamilton, Alaska USA executive director of business and commercial services, in a release. “We strongly support the SBA/504 loan program, as it provides a significant alternative to traditional commercial financing for business members.”

Evergreen Business Capital is one of the Pacific Northwest’s leading SBA 504 Loan Program facilitators. It partners with lenders in Alaska, Oregon, Washington, and northern Idaho to provide loans that allow businesses to purchase commercial real estate and equipment.