Biz2Credit, a New York company that connects small business with lenders, discovered that scenario during its recent monthly analysis of 1,000 loan applications.
The brutally honest feedback from a recently assembled focus group of small business owners revealed most of them won’t even consider aligning with a financial institution if there isn’t a robust suite of online banking and technology services.
Filene Report examines benefits and risks of microloans and says they might be well-suited to credit unions.
CU Business Group has partnered with Financial Tools Inc. to help credit unions bolster their business lending programs.
In the thick of the economic meltdown that ravaged the housing market a few years ago, churches in some communities were among those that felt the bruises of foreclosures more than other properties.
While it’s valid for the NCUA to make risk management a priority when it comes to business lending, recent guidance from the regulator could hinder and discourage credit unions and CUSOs running solid programs.
California credit union enters another round in legal battle with Without Walls International Church in Lakeland, Fla.
CUSO association expresses concerns about regulatory targeting hindering solid business lending programs.
Industry isn’t swarming into western North Carolina, but tourism attracts lots of visitors, positioning local businesses as the economic heartbeat of the area.
By the 1990s, the lending landscape in South San Francisco had changed considerably since a group of teachers came together in 1954 to charter a new credit union for access to small, personal loans.