DOWNEY, Calif. – Southland Credit Union has partnered with Business Loan Link to bring an array of business loans to its members. The $355 million credit union, which is one of 10 co-owners of Business Loan Link, now offers term loans; lines of credit; commercial real estate; investor real estate; and unsecured products. Loan amounts will range from $50,000 to $10 million. Los Alamitos, Calif.-based Business Loan Link is a CUSO created to support small businesses and entrepreneurs in Orange and Los Angeles counties. It is owned by $71 million Allied Health Care FCU; $208 million Eagle Community CU; $26 million Family 1 FCU; $24 million First American CU; Fiscal CU; $36 million Health Associates FCU; $24 million OCHA CU; $141 million Sea Air CU; $355 million Southland CU; and $227 million USC CU. Business Loan Link is looking to receive a SBA license some time this year and will offer business deposit services thereafter, the CUSO said.
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