The $209 million California credit union cites limits on business lending as its reason to leave the credit union fold.
The payment system provider accepts future interchange income as collateral.
Credit union business lending, especially participations, requires the ability to spot legal deal killers.
Read how Navy Federal manages its business lending program and meet a member who praises it.
Virginia credit union buys SBA lender Park Place Equity LLC in Scottsdale, Ariz.
Fifth-generation winemaker gets fresh chance with SBA loan from California credit union.
$5.4B credit union will target Long Island healthcare companies, professional service firms, wholesalers and distributors, and not-for-profits.
Banks say small business loans are too expensive to justify their minimal returns.
Small business loan approval rates at banks increased to a record high in January, while credit union MBL approvals fell to an all-time low.
Advocacy group says SBA loans to minorities, women shrink while big banks tighten up on community businesses.