The SBA said that micro commercial and industrial loans accounted for most of the lending growth in the fourth quarter of 2011.
Under a new bill, a separate SBA loan approval and repurchase program would be established for credit unions.
Mountain America Credit Union was honored recently with two awards from the U.S. Small Business Administration’s Utah District–the 2011 Lender of the Year and the 2011 Blaine Andrus Memorial Award.
One credit union was recently named Utah’s top lender for 2011 by the SBA and two others are turning to the agency’s loans to help more small businesses.
For its role in helping to create more jobs, Iowa Gov. Terry Branstad recently recognized Dupaco Community Credit Union’s business lending efforts.
New agency would merge functions of SBA, Office of Trade Representative, Export-Import Bank, others.
The $361 million Members Choice Credit Union said it was recently ranked the tenth top SBA lender in the Houston market.
Some of the nation’s biggest lenders say they continue to see the steepest declines in commercial real estate loans of all sizes.
SBA says small firms represented more than 50% of job growth from Q2 2010 through Q1 2011.
Workers’ Credit Union said it has been recognized by the SBA as the number one new business lender of the year in Massachusetts.