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ST. JOSEPH, Mich. – United Federal Credit Union (United) has expanded its Small Business Administration (SBA) team by adding a Director of SBA, reinforcing its long-term commitment to helping small businesses grow, create jobs, and strengthen the local economies it serves. Jeffrey Magginnis has stepped into this newly created role, marking an important milestone in United’s continued investment in relationship-based business lending.
Jeffrey Magginnis, Director of SBA
Small businesses are the backbone of local communities, driving economic development, innovation, and opportunity. Through its SBA lending program, United helps business owners access flexible financing solutions that may not otherwise be available through traditional lending options. United was named an SBA Preferred Lender (PLP) in July 2025. Having PLP status allows United to save members time in the lending process. It gives us the ability to approve loans directly without additional approval from the SBA on almost every type of loan.
“Creating the Director of SBA role reflects United’s ongoing commitment to supporting small businesses in a more intentional and impactful way,” said Lee Beason, United’s Chief Commercial Officer. “With Jeffrey stepping into this role, we are strengthening our commitment to helping small businesses access the resources, expertise, and financing they need to thrive. His experience and passion for relationship-based lending will be an incredible asset to our members and the communities we serve.”
Magginnis brings more than two decades of experience in business banking to his new role, including the past 10 years dedicated specifically to SBA lending. His background provides deep insight into how SBA programs can help businesses expand operations, invest in their workforce, and navigate economic challenges with confidence.
In his new role, Magginnis will oversee all SBA loan closings, ensuring efficiency, consistency, and a positive experience for business members. He will also play a key leadership role by sharing expertise, coaching team members, and guiding the SBA staff to deliver high-quality, responsive service.
“SBA loans are unique and require specialized training and experience to deliver successfully,” said Magginnis. “United focuses on personalized service from origination through servicing to deliver a high-quality experience. We tailor the loan to the needs of the individual borrower and walk them through every step of the process. The goal is to deliver the right solution in a timely manner.”
United has a long-standing commitment to supporting small businesses through SBA lending, recognizing the essential role they play in building vibrant, resilient communities. When small businesses succeed, they help fuel job creation, local investment, and economic stability across the regions United serves. By continuing to invest in experienced leadership, dedicated SBA resources, and a relationship-first approach, United is strengthening its ability to help business owners turn opportunities into sustainable, long-term success.
United’s SBA loans are offered nationwide. They include a variety of SBA loan programs, including:
- 7(a) Loan Program: Long-term financing for real estate acquisition, construction, renovation, equipment purchases, or inventory.
- 504 Loan Program: Fixed asset financing for land, buildings, or long-life equipment.
- USDA Business & Industry Program: Support for rural businesses with competitive terms.
For more information about the credit union’s SBA program, visit United’s SBA landing page.
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About United
United Federal Credit Union has served its Members since 1949 by helping them to build a sound financial future. United consists of more than 190,000 Member/owners worldwide and manages assets in excess of $4.2 billion. Its corporate office and main branch are in St. Joseph, Mich., with additional branches in Arkansas, Indiana, Michigan, Nevada, North Carolina, Ohio, and Pennsylvania.