From credit lines to refinancing and vehicle loans, small business owners are sharing how their relationships with Gesa Credit Union have helped their firms grow.
The Texas Association of Business said credit unions have a strong track record when it comes to lending to small businesses.
David Adams cited for helping Michigan credit unions sharply increase small business lending.
Nearly a year after Michigan CU Capital launched a statewide lending brand that would connect small businesses to credit unions, the effort has added another level to increase its exposure.
ABA says banks have added more than $180 billion in business loans in the past 18 months, financing more than 20 million small business loans.
Some bankers said they are so encouraged by signs that the economy is starting to recover that they plan to increase their small business lending efforts this year.
Biz2Credit analysis based on 1,000 funding requests from credit unions, small banks and other alternative lenders.
Since 2007, Wisconsin credit unions have increased small business lending by more than 51%.
Bank of America is calling recent reports that it is cutting or closing the credit lines for all of its small business clients "speculation."
There are members who want to strike out on their own but just need a little start-up capital to get a small lawn care business going or market an electrical repair shop.