WASHINGTON -- The Small Business Administration and CUNA came together earlier this week for an audio conference to discuss how the two could further encourage business lending industry given the current environment.
By Michelle A. Samaad |
Updated on December 25, 2008
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WASHINGTON — The Small Business Administration and CUNA came together earlier this week for an audio conference to discuss how the two could further encourage business lending industry given the current environment.
Grady Hedgespeth, SBA’s director of financial assistance, detailed an interim final rule adopted by the agency which uses an alternative base rate for determining the interest applied to certain SBA loans. Hedgespeth also discussed weighted average coupons for formulation of pools, which allows the aggregation of multiple coupon rates.
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