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Summit Credit Union Recognized as a Leading SBA Lender

February 14, 2024 MADISON, Wis – The U.S. Small Business Administration (SBA) has named Summit Credit Union a 2023 leading small business lender in two different categories.Specifically, Summit received two awards for FY 2023; the most 7(a) loans by a credit union in Wisconsin and the greatest lender participation with 504 loans in Wisconsin. The credit union loaned more than $23,000,000 between these two SBA vehicles.“Small business owners are a critical part of our community and economy and Summit Credit Union is proud to support so many small business members with loans and other tools and resources,” said Kim Sponem, President & CEO of Summit Credit Union. “Summit has been recognized by the SBA as a leading small business lender every year since 2011 and we look forward to earning this distinction for years to come.”In FY 2023 Wisconsin lenders provided 964 7(a) loans totaling $482.1 million and 183 504 loans totaling $174.9 million. Summit made 34 7(a) loans totaling $7,419,600 and 14 504 loans totaling $15,838,826.“SBA-supported lending contributes vital capital to Wisconsin’s small businesses with longer terms and other benefits,” says SBA Wisconsin’s District Director Eric Ness. “With more than 457,000 small businesses in Wisconsin and more than 170 SBA-approved lenders, there’s capacity for growth as businesses become ready for it.” Summit Credit Union offers a comprehensive suite of business products and cash management services through our Business Relationship Managers at branches throughout Wisconsin. You might also be interested in COTTAGE GROVE, WI – Summit Credit Union, headquartered in the Village of Cottage Grove, has pledged a $100,000 grant to “The Next Chapter” Library Capital... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, announced today that it is recognized, for the second consecutive year, as... SCOTTSDALE, Ariz., Dec. 31, 2024 /PRNewswire/ -- , a leading management and technology consultancy for banks, credit unions and fintech firms, has announced... Madison, Wisc. - StartingBlock Madison, the city's premier hub for startups and innovation, is proud to announce a continuing partnership with Summit Credit... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, hosted its annual ShredFest on September 28. Held in partnership with the Better... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, has been awarded on the Forbes list of America’s Best-In-State Credit Unions... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, is again the top mortgage lender in the state of Wisconsin, according to data... MADISON, WIS. — May 28, 2024 – Since its announcement in 2020, The Center for Black Excellence and Culture (The Center) has encouraged Madison’s Black... MADISON, Wis. — Hannah Echols of Milwaukee, has just been revealed as the winner of Summit Credit Union’s Project Money Season 15. Along with three other...
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* The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2023, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the LEI: 254900NTAC4H10MGSU23 ** SBA Lender of the Year Award for Credit Unions as awarded by the Small Business Administration of Wisconsin in 2024. Copyright 2025 © Summit Credit Union. All rights reserved. If you are using a screen reader and are having problems using this website, please call 608-243-5000 for assistance. Insured by NCUA