News

WASHINGTON - Small businesses incurring losses due to their key employees being called to active military duty can apply to the Small Business Administration for Military Reservist Economic Injury Disaster Loans. The loans cover operating costs of up to $1.5 million. Small Businesses can apply for a military reservist loan...

WASHINGTON - Slightly less than half of 750 small businesses recently surveyed by the National Federation of Independent Business offer health insurance to their employees, but 91% of the business owners have health insurance for themselves. Why the disparity? The number one reason cited was the high cost of health...

ST. LOUIS - Missouri Credit Union Association President/CEO Rosie Holub, in a recent article published in the St. Louis Business Journal that discussed the growth in the number of credit union members in the state, defended credit unions' expansion of services to their members beyond simply making "small consumer loans"...

NEW ORLEANS - Not to take anything away from its competitors, but Online Resources Chairman and CEO Matt Lawlor said ORCC is positioned better than any Net banking and bill payment firm to utilize CRM to boost online penetration rates. ORCC's financial clients already boast about a 28% adoption rate...

AUGUSTA, Me. - Moved by the number of families that go to bed hungry each night, the Maine Credit Unions' Campaign for Ending Hunger Walking Tour hopes to raise awareness and stock shelves. Maine's credit unions have partnered with Cross Roads Ministries, a hunger agency here that serves thousands of...

WASHINGTON - Before you look at the dollar volume of SBA 7(a) loans and decide there's been a fall off in the agency's program, look at the total number of 7(a) loans it's approved. That, says one SBA official, is a better indication of the SBA's strategy for its 7(a)...