Need financing for your business?
Dover Federal Credit Union becomes the third credit union approved to finance SBA guaranteed loans in the state of Delaware, providing additional opportunities for access to capital for entrepreneurs to open and expand their small businesses.
Dover Federal Credit Union has a membership base of over 36,700 and total assets in excess of $325 million. Dover Federal Credit Union’s membership is open to all military personnel in Delaware, civilian government employees, reserve and National Guard members, and 360 employee groups, including all Bayhealth and Dover Downs employees. New members and new select employee groups may also apply.
Nationally and in Delaware, credit unions are a growing part of SBA’s lending network. For the previous 2 fiscal years, credit unions issued 3,843 loans for a total of $402 million through SBA loan programs.
The SBA‘s mission is to maintain and strengthen the nation’s economy by aiding, counseling, assisting and protecting the interests of small businesses and by providing loan guarantees through private sector lenders to help qualified small businesses secure financing on reasonable terms. SBA offers counseling and training through its resource partners: the Small Business Technology and Development Center, SCORE, and YWCA Delaware Center for Women’s Entrepreneurship. SBA also provides assistance with contracting, surety bonding, and disaster recovery. For more information call 302-573-6294 or go to www.sba.gov.
