ELGIN, Ill. and MIRAMAR, Fla. — It's been nearly a year since CU Business Capital and Lending Solutions, Inc. partnered to bring business loans and lease equipment application processing to credit unions over the phone.
During that time, CUBC has added 11 credit unions as equity partners and four as subscribers, according to Murray Halperin, CUBC vice president of sales and marketing. Another eight are in "contract phase."
The partnership launched last November provided members the ability to pick up the phone to submit a loan or lease application for commercial vehicles, equipment, commercial mortgages, Small Business Administration loans, working capital loans and lines of credit. Halperin said he is not at liberty to discuss the total dollar amount in loans and other services that have been processed via the call center.
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