Lending

The Small Business Administration has launched a pilot program to provide financial assistance to small businesses in economically distressed urban and rural areas, or "New Markets," that need the economic attention to get communities back on their feet.

Mazuma Credit Union recently shared a number of business lending tips with listeners on the local radio program "Money Matters."

Some banks are starting to see a weaker demand for commercial and industrial loans and as a result are easing terms to pick up the pace.

With more credit unions in the Mid-Atlantic region expressing a desire for business services, the Pennsylvania Credit Union Association is taking another stab at helping implement programs. Business Advisory Services consists of a suite of educational and consulting programs aimed at assisting credit unions that plan to serve small businesses....

Despite a continued legislative push to raise NCUA's member business lending cap to 20%, some credit unions are saying the current 12.25% asset cap has not been an impediment to their MBL efforts.

Mid-Atlantic Financial Partners, LLC said 2007 will be the year that it revs up expanding business services to other credit unions.