Mountain America Credit Union named # 1 lender in the nation and Utah by the Small Business Administration

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SANDY, Utah, March 16, 2021 / PRNewswire / – For fiscal 2020, the Small Business Administration (SBA) ranked Mountain America Credit Union as the nation’s # 1 credit union lender and Utah. In addition to processing 142 traditional small business loans totaling over $ 95 million, America mountains processed over 7,000 Paycheck Protection Program (PPP) loans in 2020, classifying as the Nationally Leading Credit Union Lender for PPP.

Mountain America Credit Union named # 1 lender in the nation and Utah by the Small Business Administration

Process a record number of loans in 2020
In 2020, small businesses relied more than ever on their financial institution to obtain the financing necessary to keep their doors open and recover from the pandemic. Mountain America reallocated employees and improved efficiency to process additional loans and secure member funding as quickly as possible, resulting in a record number of loans in a year, including nearly $ 350 million in PPP loans.

“Small businesses are the backbone of our local communities, and Mountain America remains committed to helping them succeed,” says Sterling nielsen, President and CEO of Mountain America Credit Union. “The past year brought an even greater need to support small businesses, and thanks to the incredible work of our entire team, we’ve been able to help a record number of businesses keep their employees on the payroll and recover from the pandemic. “

Helping businesses keep their doors open
Recently, Sean Forsgren, CEO of Strange Reptile, turned to Mountain America for a Paycheck Protection Program loan. Mountain America was able to process its loan quickly and help keep its 20 employees on the payroll. In response to his collaboration with Mountain America, Sean said, “You are a hero to the 20 families who depend on our business for their work. Like most small businesses, this loan will make the difference between surviving or not surviving last year. “

Leader in business loans and services
As a leader in business loans and services, Mountain America has been ranked by Callahan and Associates for the past 16 years as the # 1 SBA lender for credit unions. Currently, Mountain America ranks second nationally for business deposits for credit unions.

MACU logo (PRNewsfoto / Mountain America Credit Union)

MACU logo (PRNewsfoto / Mountain America Credit Union)

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SOURCE Mountain America Credit Union

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