small business lending

• Freedom Credit Union Named Top SBA 7(a) Lender

  By Michelle A. Samaad  |  December 3, 2012

  The $513 million cooperative in Springfield, Mass., was named the SBA’s top 7(a) lender in total dollars for the Western Massachusetts region.

• Hurricane Sandy: SBA Coordinating With FEMA, Other Agencies

  By Michelle A. Samaad  |  October 31, 2012

  The SBA said Wednesday it is working with FEMA and other agencies to find out which small businesses and homeowners will need recovery assistance.

• SBA’s Growth Capital Program Sets Record for Third Year in a Row

  By Michelle A. Samaad  |  October 26, 2012

  The SBA said its Small Business Investment Company debenture program provided a record $2.95 billion to small businesses in fiscal year 2012.

• LICU Eligibility Offer Now Taken Up By 676 Credit Unions

  By Marc Rapport  |  October 18, 2012

  The NCUA on Thursday said that two-thirds of the 1,003 credit unions offered the eligibility to become a low-income credit union have accepted.

• SBA Reports Second-Highest Loan Volume in History

  By Michelle A. Samaad  |  October 11, 2012

  Over the past six quarters, the SBA’s loan program has posted the second-largest dollar volume ever, supporting $30.25 billion in loans to small businesses.

• Amazon Will Have to Prove its Business Loan Underwriting Prowess: Dollar

  By Michelle A. Samaad  |  October 11, 2012

  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.

• Alternative Lenders Continue to Beat Credit Unions, Banks in Business Loan Approvals

  By Michelle A. Samaad  |  October 10, 2012

  That’s according to Biz2Credit, a New York firm that connects small businesses with financial institutions.

• Small Business Lending Fund Participants Boost Loans by $6.7 Billion

  By Michelle A. Samaad  |  October 10, 2012

  Treasury Department cites $1.5 billion increase from first quarter showing.

• Louisiana’s MBL Council Aims to Spark More Interest

  By Michelle A. Samaad  |  October 4, 2012

  Discovering that there is growing interest in offering member business loans in Louisiana, a new council held a three-day confab this week.

• Michigan Credit Unions Take Business Lending to the Airwaves

  By Michelle A. Samaad  |  October 2, 2012

  CUcorp launching radio spots next week aimed at raising awareness of industry's contribution to small business.