Among private companies that are likely to default, those in the construction industry topped the list, according to research firm Sageworks Inc.
A common cause of inappropriate documentation begins with the misinterpretation of business loan regulations.
If a credit union in the Pacific Northwest is hoping to compete with other financial institutions to woo a heavily sought-after executive for its business lending division, be prepared to make at least an $85,000 offer.
The $1.1 billion Vantage West Credit Union said it was recently recognized for being the top SBA 504 lender in Southern Arizona.
The $759 million cooperative in Manchester, N.H., said it increased its SBA participation by 131% this year.
The SBA recently recognized Telhio Credit Union as the top credit union lender in a 60-county region of central Ohio.
Two more credit unions have signed on with business lending CUSO Michigan Business Connection.
This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
The founders of an information site and aggregating Web application are the $25,000 winners of the credit union’s startUP Challenge.
Last week, credit unions’ federal tax exemption appeared to be in jeopardy. H.R. 6474 would have gradually repealed credit unions’ tax-exempt status over five years. Fortunately for credit unions, a spokesman for Rep. Dennis Ross, the bill’s sponsor, explained that the inclusion of this in the bill was accidental,...