Whether Amazon.com’s commercial lending pilot program succeeds will be determined over time and how its underwriting terms stack up against banks, credit unions and others.
According to the SBA’s latest Quarterly Lending Bulletin, micro loans accounted for the most growth in the fourth quarter of 2011, the most current data.
Even in the middle of recessions and the unemployment and foreclosures that come with them, credit unions have proven that they can weather downturns.
Filene study finds credit union aggregate loan portfolios about 25% less sensitive to macroeconomic shock during past two recessions.
After years of exploration, the $7.8 billion Alliant Credit Union has created a commercial lending division.