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Mazumas first SBA Patriot Express loan goes to sub shop
KANSAS CITY, Mo. (2/8/11)--Mazuma CU has approved its first Small Business Administration (SBA) Patriot Express Loan. The SBA Patriot Express Loan is a business loan that can be used to start or expand a small, veteran-owned business. Mazuma CU is one of a few financial institutions nationwide that can offer a SBA Patriot Express Loan. Mazuma enjoys a strong re-payment history among current SBA recipients, one of the determining factors the SBA looks at when selecting financial institutions to offer their loans, such as the Patriot Express and Community Express loans. Mazuma CU’s first SBA Patriot Express loan was granted to HW Foods LLC, which used the loan to buy a Quizno’s franchise located in Merriam, Kan. “We develop a deep understanding of who our member is and what this offer to the customers. Once we know that, we can help the member secure the type of loan the business member needs,” said William Maher, business advocacy officer at Mazuma CU. Woody Morris, proprietor of HW Foods LLC, served in the National Guard for 12 years, which allowed him to qualify for the loan. “I started serving in the National Guard while I was a junior in high school, so that the National Guard would help pay for my college education. Now, I can still reap the benefits of serving our country through the SBA Patriot Express Loan Program,” Morris said. He plans on expanding his business. “I would like to open a second store by the end of 2011,” he said. “I know Mazuma CU will help me find the right loan that allows me to continue to grow my business.”


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