Technology CU Finances $22.4 Million SBA 504 Loan

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Title : Technology CU Finances $22.4 Million SBA 504 Loan

Technology CU Finances $22.4 Million SBA 504 Loan

Technology Credit Union (San Jose, CA) announced on March 17 that the credit union has funded its largest Small Business Administration (SBA) 504 loan to date at $22.4 million.

The loan provided financing to assist a commercial tenant’s purchase of a 112,000 square-foot, multi-tenant office building located in Burlingame, California.

According to the press release, the $2 billion credit union has originated over $300 million in commercial loan commitments to more than 120 middle market businesses.

Read the press release.

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