Lower approval rates seen from banks, credit unions and alternative lenders.
The $513 million cooperative in Springfield, Mass., was named the SBA’s top 7(a) lender in total dollars for the Western Massachusetts region.
The SBA said Wednesday it is working with FEMA and other agencies to find out which small businesses and homeowners will need recovery assistance.
The SBA said its Small Business Investment Company debenture program provided a record $2.95 billion to small businesses in fiscal year 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.
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.
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.
That’s according to Biz2Credit, a New York firm that connects small businesses with financial institutions.
Treasury Department cites $1.5 billion increase from first quarter showing.
Discovering that there is growing interest in offering member business loans in Louisiana, a new council held a three-day confab this week.