Between 1986 and 2010, credit unions may have provided extra business loans in response to a reduction in activity from banks.
California credit union now belongs to a growing list of cooperatives with the SBA’s Preferred Lender status.
PORTLAND, Ore. — Buying and selling loans on the SBA secondary market is still unfamiliar territory for many credit unions.
The Small Business Administration has announced a new fund that will focus exclusively on providing capital to Michigan businesses.
Patriot Express loans totaling more than $633 million have gone to more than 7,650 veterans starting or expanding small businesses since 2007.
Micro business loans under $100,000 were down 2.9% during the first quarter, according to the U.S. Small Business Administration.
The $449 million Centris Federal Credit Union was among the top lenders recently recognized by the U.S. Small Business Administration during National Small Business Week.
Omaha credit union among honorees at National Small Business Week ceremony in Washington on Friday.
Six lenders have received the green light from the U.S. Small Business Adminnistration to approve loans in a program for underserved communities.
While Harborstone Credit Union has been offering business loans since 2002, the Lakewood, Wash.-based cooperative could not have predicted how great member demand would be for the SBA’s programs.