With more than $177 million in loans for fiscal year 2023, South Carolina headquartered United Community is one of SBA’s largest lenders.
“Small companies generate 1.5 million jobs a year and account for nearly 65% of new jobs in America,” says Rich Bradshaw, President and Chief Banking Officer for United. “Entrepreneurs are vital to our communities, and we are proud to provide critical financing to enable them to make their businesses successful.”
United has more than 200 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national lending platform in healthcare (pharmacy, veterinarian, dental, and medical professionals) and franchise businesses. Additionally, United has a national equipment financing subsidiary, Navitas Credit Corp.
“New rules give small businesses a better shot at qualifying, while also keeping more cash on hand, which is important given the rising costs of goods,” says Beth Hallock, President of SBA Lending for United. “Program improvements will expand access to capital for small businesses, especially small-dollar loans, and increase protection against fraud as part of