Did you know that less than 3% of funding going to small business through the SBA 7(a) loan program is done through credit unions- we are working hard each day to change this! Imagine the impact if we increase this number just slightly each day/week/year.....
Ultum Group
Financial Services
Sartell , MN 654 followers
Ultum Group is an SBA Lender Service Provider which offers full-service SBA lending origination and servicing solutions.
About us
Ultum Group is a Credit Union Service Organization (CUSO) that provides financial institutions with premiere end-to-end Commercial and SBA Lending services. Our goal is to allow all financial institutions to serve business members in their communities and across the country. By partnering with Ultum Group, any financial institution could offer a variety of business loans for their members. Ultum Group is an SBA Lender Service Provider which offers full-service SBA lending origination and servicing solutions for credit unions. Ultum Group helps credit unions that want to enter the SBA lending space, grow their SBA loan portfolio, or refer the loans to a non-competitor while assisting their member. Ultum Group is your credit union's SBA partner, working alongside your team to successfully structure, originate, and service SBA loans. We offer a solution to start or scale your SBA lending operation without the costly overhead and resource constraints while leveraging our expertise to ensure SBA compliance. Our services include digital end-to-end loan origination and servicing systems, SBA 750 application assistance, SBA program setup, extensive SBA lending training, SBA Underwriting, SBA loan processing and closing, secondary market loan sales and management, SBA construction management and disbursement, full-service SBA servicing and liquidation, and SBA audit assistance. The benefits that SBA lending brings to a financial institution and a community are unlimited. SBA lending allows a financial institution to diversify its loan portfolio while mitigating risk with a government guaranty, leverage the secondary market for liquidity preservation, and add non-interest income. It also allows a financial institution to help borrowers otherwise underserved! Outsource your SBA lending to Ultum Group and start growing your business today. We've got the expertise to help you from beginning to end.
- Website
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www.UltumGroup.com
External link for Ultum Group
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Sartell , MN
- Type
- Privately Held
- Founded
- 2021
Locations
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Primary
Get directions
Sartell , MN 56377, US
Employees at Ultum Group
Updates
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Ultum Group reposted this
Ultum Group is proud to announce a partnership with Sierra Pacific Credit Union to offer SBA lending. Sierra Pacific is expanding their business lending capabilities to include SBA to best support existing and new membership, and we are thrilled to have the opportunity to be a part of that. “The lending and leadership team at Sierra Pacific are truly passionate about ensuring they have the best options for their business members to support success well into the future. We are very fortunate to be able to share in that passion with them.” – Theresa Tschumperlin, President/CEO – Ultum Group - Megan Mathias - Leslie Ramsdell
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Ultum Group reposted this
Ultum Group is proud to announce a partnership with Sierra Pacific Credit Union to offer SBA lending. Sierra Pacific is expanding their business lending capabilities to include SBA to best support existing and new membership, and we are thrilled to have the opportunity to be a part of that. “The lending and leadership team at Sierra Pacific are truly passionate about ensuring they have the best options for their business members to support success well into the future. We are very fortunate to be able to share in that passion with them.” – Theresa Tschumperlin, President/CEO – Ultum Group - Megan Mathias - Leslie Ramsdell
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Ultum Group is proud to announce a partnership with Sierra Pacific Credit Union to offer SBA lending. Sierra Pacific is expanding their business lending capabilities to include SBA to best support existing and new membership, and we are thrilled to have the opportunity to be a part of that. “The lending and leadership team at Sierra Pacific are truly passionate about ensuring they have the best options for their business members to support success well into the future. We are very fortunate to be able to share in that passion with them.” – Theresa Tschumperlin, President/CEO – Ultum Group - Megan Mathias - Leslie Ramsdell
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Ultum Group reposted this
What an awesome experience to be able to share my story through SBAsearch and IamSBA. Kyel Sletten and Juliana Sletten you are industry innovators, keep up your amazing work!
A decade-long journey in SBA lending transformed Theresa Tschumperlin from an underwriter to a catalyst for small businesses and financial institutions, driven by connections with small business borrowers. Now, she is passionate about guiding credit unions into the SBA world, unveiling vast potential to empower members' dreams and fortify financial institutions, revealing a wealth of untapped opportunities for those venturing into this transformative SBA industry. Theresa serves as President/CEO of Ultum Group, a CUSO and nationwide SBA LSP focused on providing nationwide premiere end-to-end Commercial and SBA Lending services to financial institutions. She has spent the last 12 years of her career in Commercial and SBA lending, holding many executive leadership positions within sales, operations, and technology. Theresa is passionate about teaching others and about using commercial and SBA Lending to help Credit Unions diversify their portfolios, increase yields, non-interest fee income and better serve current and potential members. #IamSBA #SBAnation #sba #sbalending #sbaloans #smallbusiness #sba504 #sba7a #creditunions #storytelling #sbasearch SBAsearch 🎦: Noble Film Co. LLC, Bryan Espinosa
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Tune in tomorrow as our President/CEO, Theresa Tschumperlin shares her story and passion working within the SBA lending space. We are committed to educating the Credit Union space on the benefits of SBA Lending.
**TOMORROW** 📣 IamSBA launches Season 2 and is excited to feature Theresa Tschumperlin, President/CEO, at Ultum Group! Be sure to tune in and watch Theresa's story about her SBA journey and how she developed a joy and passion for helping Credit Unions establish and grow in the SBA lending space! Ultum Group is a CUSO and nationwide SBA LSP focused on providing premier end-to-end Commercial and SBA lending services to financial institutions.
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We wish you a wonderful Thanksgiving filled with happiness and gratitude! Ultum Group will resume regular business hours tomorrow. #happythanksgiving
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$27.5 billion in 7(a) loans: Rising above pre-pandemic levels, the SBA backed more than 57,300 7(a) loans worth $27.5 billion to small businesses in FY23. In total, nearly 70% of the SBA’s 7(a) loan volume (more than 39,000 loans) were small-dollar loans of $350,000 or less, with the program originating more loans under $150,000 in FY23 than in FY22, FY21, and FY20
📊 New: In Fiscal Year 2023, the U.S. Small Business Administration delivered $50 billion in capital, disaster relief, and bonding to small businesses and disaster-impacted communities across America. Highlights of SBA’s FY23 lending include a notable increase in the number and value of 7(a) loans to small businesses, as well as a rise in the number of small-dollar loans distributed through this essential program. SBA also made strides in its ongoing efforts to close persistent gaps in capital, particularly for entrepreneurs from underserved communities. Learn more: https://lnkd.in/ezKFNAYQ
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Educating the credit union space on the benefits of SBA lending is a relentless pursuit of our President/CEO, Theresa Tschumperlin, who recently had the opportunity to share her story... stay tuned....
YES I am! What an honor to be a part of such an amazing industry! Thank you Kyel Sletten and SBAsearch for your commitment to growing the collaboration in the industry and helping young professionals see the unlimited career opportunities within SBA Lending. #IamSBA #sbalending
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