GCL was recently recognized by USDA as one of USDA Rural Development’s 2020 top commercial lending partners
Greater Commercial Lending (GCL), a wholly-owned subsidiary of Greater Nevada Credit Union (GNCU), was recently recognized by the United States Department of Agriculture (USDA) as one of USDA Rural Development’s 2020 top commercial lending partners. GCL also ranked the highest in the US for the USDA Business & Industry (B&I) Guaranteed Loan Program for 2020. GCL has consistently ranked as one of the top national USDA lenders year-after-year.
Bette Brand, USDA undersecretary for rural development, announced that USDA partnered with 181 commercial lenders to invest $2.1 billion in rural communities and businesses in fiscal year (FY) 2020. GCL partnered with USDA to obligate $295 million in rural communities during FY 2020.
Concurrently, GCL assisted or participated in an additional $157 million in loans from many of the top USDA commercial lending partners during the last fiscal year. GCL secured a record-breaking $205 million in obligated loans, a record also previously held by GCL in 2018 at more than $136 million. The B&I program was designed to assist rural businesses obtain needed credit to help save and create jobs in America.
