Lending

The rates of foreclosures in the country dropped in April for the first time since before the current economic downturn began, according to Realty Trac, a firm that bills itself as the "leading online marketplace of foreclosure properties."

The SBA has received an additional $80 million to support its 7(a) and 504 loan programs to keep capital flowing to small businesses.

The Texas Credit Union League has managed to get the 140,000-member Texas Association of Business to join CUNA's legislative drive on member business loans.

Michigan State University Federal Credit Union has teamed up with CarQuotes Corporation to offer its members a vehicle research website, free pricing reports and buying advice

Michigan credit unions and CUSOs are spreading the word statewide to small business owners that financing is available.

The proposed elimination of personal guarantees could potentially cripple underwriting and punish those credit unions that have not "excessively abused their privileges," a group of 15 member business lending CUSOs recently wrote.