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CUs May Provide 'Credit Crunch' Relief to Small Businesses

Small businesses may be on the cusp of experiencing a lending tightening phase, but credit unions may be able to provide some relief, Mike Schenk, CUNA senior economist, suggested in a Aug. 7 Wall Street Journal article.

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WASHINGTON — Small businesses may be on the cusp of experiencing a lending tightening phase, but credit unions may be able to provide some relief, Mike Schenk, CUNA senior economist, suggested in a Aug. 7 Wall Street Journal article.

The article discusses ways small businesses can “weather a credit crunch” as banks become more nervous about loan defaults. So far, restrictions are impacting the consumer and corporate loan market, but industry watchers fear those limits will soon extend to the small business sector, according to the article.

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