Government Agencies Federal Credit Union recently announced the opening of
its commercial/Small Business Administration lending department, managed by Harold Walk, GAFCU assistant vice
president of commercial lending.
The commercial lending department offers business loans for all needs, including working capital, equipment and commercial real estate. Real
estate finance includes retail, warehousing, industrial, motels/hotels and apartments.
The new lending department also offers construction financing. Through U.S. Small Business Administration and USDA loan programs, GAFCU can offer up to 80 percent to 90 percent financing on certain owner-occupied and investor
Due to GAFCU's large asset base, it is in a position to grant all sizes of loans.
"GAFCU now offers very competitive commercial financing to help Imperial Valley businesses achieve their goals," said Walk.
"Additionally we offer low-cost business checking account services, which includes online banking at no additional charge. The best part is that any