- June 15, 2021
- Posted by: Stratford Team
- Category: Business
SAN ANTONIO – This past year was a difficult one, to say the least, and a lot of small businesses really got hit hard.
As a certified community development financial institution, River City Federal Credit Union has been there for local small businesses just looking to keep the doors open and their businesses running.
Jeff Ivey, CEO and president for River City FCU, explained how the group has made an impact during the coronavirus pandemic to assist local small businesses.
How did River City FCU help local small businesses during the pandemic?
“Since 2020, River City FCU has provided over $35 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) loans to local San Antonio businesses,” Ivey said. “As a small credit union that had never processed an SBA loan before, that’s a huge accomplishment. Our dedicated staff members spent hours processing 1,163 applications and contacting local businesses to help them navigate…
