LAS VEGAS — With the rollout of its new Small Business Administration 504 Secondary Market Program, Member Business Lending, LLC and WesCorp said it is providing a way for credit unions with ways to reduce regulatory caps, improve return on asset, reduce risk and expand business lending options.

Regulations limit a credit union’s member business lending assets to 12.25% of total assets. The MBL/WesCorp program aims to help move those assets to the secondary market, eliminating the regulatory cap and freeing up assets for additional business lending, said Kent Moon, president/CEO of MBL at the CUSO’s Member Business Lending Leadership Summit in Las Vegas Oct. 9-11.

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