Banks say small business loans are too expensive to justify their minimal returns.
At a time when some credit unions are looking for ways to boost their loan portfolios, they may want to consider giving more consideration to two groups that fear seeking out financing for their business start-ups or expansions.
South Atlantic islanders seeking better access to credit, share in ownership.
New report finds they're also less likely to seek credit, fearing denial.
Slowly and surely, trickles of deals are getting financed. Markets, as we all know, are cyclical, with some bubbles, booms, and busts.
Through a new program, St. Mary’s Bank is looking to offer mini loans to start ups and small emerging companies that it said are finding it difficult to obtain more traditional bank financing.
Another CU joins the ranks of small business lenders.
Small business owners are still skittish about hiring new employees even as some indicated they have access to the credit and financing needed to keep their firms running.
The $2.7 billion Alabama's Redstone Federal Credit Union is a firm advocate that CUs must stress member value over rate and convenience to ensure growth.