Lending Solutions Inc. said it plans to open a second contact center in May to handle the company’s unprecedented growth.
Encouraged by signs that the recovery may be gaining traction, some bankers said they are planning to increase their small business lending efforts this year.
When it comes to buying a car, many members of Communicating Arts Credit Union face choices limited to buy-here-pay-here lots with some rates as high as 20% or more.
Would you apply for a car loan using an iPhone? Or a home mortgage?
Biz2Credit analysis based on 1,000 funding requests from credit unions, small banks and other alternative lenders.
The $71 million Brookline, Mass., credit union has launched a mobile branch service.
The Small Business Administration would no longer be a separate entity and its functions would be incorporated into an agency that combines the functions of six agencies that deal with trade and business matters, according to a proposal made by President Obama.
While it may not be much of a surprise to credit unions that some banks are not eager to approve funding for small businesses these days, the rate of rejections might cause some alarm.
New agency would merge functions of SBA, Office of Trade Representative, Export-Import Bank, others.
Report author says the "big banks are sitting on their assets."