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Senator Coons Congratulates Dover Federal Credit Union on Closing Its First SBA Loan

Press Release

Location: Wilmington, DE

U.S. Senator Chris Coons today congratulated the Dover Federal Credit Union on closing its first Small Business Association loan since receiving its certification earlier this year.

"Getting our economy moving again means giving small business owners the tools they need to turn their ideas into reality," Senator Coons said. "By helping promising entrepreneurs get access to the capital they need to grow, we are helping more Delawareans get back to work. That's why these SBA loans are so important and why I'm excited that Dover Federal Credit Union has closed its first loan."

In April, Senator Coons visited Dover Federal Credit Union to mark it receiving official status as SBA-certified, giving the credit union access to additional capital to help entrepreneurs open and expand their businesses. Since its creation nearly 60 years ago, the Small Business Administration has helped millions of small business owners by providing financial support, contracts, counseling and other forms of assistance they need to succeed.

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