Truliant #1 Credit Union SBA 7(a) Lender for 2024
SBA Hot Topic Tuesday — Truliant #1 Credit Union SBA 7(a) Lender for 2024.
SBA Loan Department Staff
Truliant Federal Credit Union, Charlotte, North Carolina
By Bob Coleman
Publisher & Founder
Congratulations to Truliant Federal Credit Union, the FY24 #1 originator in the nation of SBA 7(a) loans for credit unions.
| SBA 7(a) | Rank $ | Rank # | Gross Loan Approval | # Loans | Average Loan Size |
| FY 2024 | 55 | 115 | $104 Million | 66 | $1,576,600 |
| FY 2023 | 168 | 317 | $26.7 Million | 18 | $1,418,678 |
| FY 2022 | 216 | 522 | $20 Million | 9 | $2,223,456 |
Source: Coleman/SBA/Lumous Data
“This is a wonderful confirmation of Truliant’s SBA nationwide strategy emphasizing controlled growth and maintaining quality service,” says Don Jackson, senior vice president of SBA lending at Truliant.
“Since the beginning of the year, we have grown our SBA team by welcoming numerous new members, including a national team of dedicated business development officers with extensive experience structuring SBA loans for small businesses.
“All of our key SBA pieces are now in place for Truliant to have even better results in the SBA lending space. With the SBA acknowledging that Truliant is the #1 originator nationally of SBA loans among credit unions, it further confirms our strategy to serve small businesses and their financial needs,” says Don.