PORTLAND, Ore. — Buying and selling loans on the Small Business Administration's secondary market is still unfamiliar territory for many credit unions.
Coastal Securities Inc., a firm that puts together the deals on the guaranteed portions of SBA and USDA loans, outlined the potential benefits for credit unions at CU Business Group's National Business Services Conference Tuesday.
One, being the lender retains the member relationship and having the loans not count against a credit union's member business lending cap.
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