Credit Unions New Source for Small Business
NEW YORK -- As banks continue to tighten their loan standards, small-business owners are getting creative in finding financing sources including at credit unions, the Associated Press reported in a May 2 article.
Many are seeking out credit unions, online lending Web sites and other avenues, the article reported. Scott Metzger was turned down by three large banks to finance a restaurant and microbrewery in San Antonio, according to the article. A member of a credit union, he sought financing there and was approved within two weeks.