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.
Over the past few years, credit unions and finance companies have become increasingly important as suppliers of credit to small businesses.
Dominion’s supplier diversity program seeks out certified minority, female-owned, HUB zone and disabled service veteran-owned enterprises.
Reno credit union recently became first new SBA lender in northern Nevada in nine years.
The Small 7(a) Lender of the Year Award was shared by Village Bank & Trust of Des Plaines, Ill., and Eastern Bank of Boston.
Sen. Seth Goodall has applauded the support he received from his credit union when he started a landscape business.
Three years after it started offering business loans, Members Choice CU moves to No. 9 on the SBA list for big Texas market.
The Veteran Pledge Initiative involves the SBA and 20 of the country’s top national, regional and community lenders, the agency said.
The $125 million cooperative in Reno, Nev., said it is the first new SBA lender in northern Nevada in more than nine years.
At a time when some credit unions are looking for ways to boost their loan portfolios, they may want to consider giving more consideration to two groups that fear seeking out financing for their business start-ups or expansions.