Two years after the SBA released a rare report that highlighted the growing influence of credit unions within the small business sector, the agency has offered more proof that the cooperatives are continuing to hold their own.
That's according to the SBA Office of Advocacy report, "Small Business Lending in the United States, 2012."
"Previous evidence suggesting that small traditional lenders represent the majority of lending institutions continues to hold true," the report read. "In addition, non-depository lenders such as credit unions, finance companies and others have become increasingly important as suppliers of credit to small firms."
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