It could seem that a Michigan credit union went out on a limb when it became the first CU user of a core processing platform for banks.
Some small businesses that have previously filed for bankruptcy are no more burdened than other small firms by poor cash flow, high health insurance costs, or excessive taxes.
The $1.5 billion FAIRWINDS Credit Union is the latest to earn the Small Business Administration’s designation of “preferred lender.”
A Small Business Administration commercial real estate mortgage refinancing program has expanded access to loans maturing after the agency’s initial cutoff point.
Sen. Jon Tester (D-Mont.) will attempt to offer his bill to delay the implementation of the Federal Reserve’s debit interchange rule as part of a bill to fund the Small Business Administration currently being discussed in the Senate.
Credit unions looking to grow their business often turn to commercial and business accounts, but that can be tough going.
The $800 million Workers’ Credit Union is the latest in the industry to be recognized by the Small Business Administration for its lending activity.
For all the hits that some banks have received for scaling back their business lending efforts, they are the Small Business Administration’s most active 7(a) loan program lenders.
For its service to the underserved, ASI Federal Credit Union was recently honored with the Small Business Administration’s Financial Services Champion of the Year award.
The Small Business Administration has issued a proposal that would adjust the size definition of small businesses in professional, scientific, technical and other services sectors.