News

WASHINGTON - Newtek Small Business Finance, the small business lender of Newtek Business Services Inc., is one of only 14 companies in the U.S. that is authorized by the SBA as a Small Business Lending Company. An SBLC is a non-depository institution licensed and regulated by the SBA to make...

WASHINGTON - The number of small businesses that received loans backed by the SBA through the first two quarters of FY 2003 was up by more than 35%, compared to the same period the previous year. According to the SBA, the most significant increases came from loans to minorities, women,...

HARTFORD, Conn. - Worker injury is a top concern of many small business owners, a survey by The Hartford Financial Services Group shows. The study showed that when it comes to situations covered by insurance, three out of four businesses with up to 500 employees are either worried or very...

MANCHESTER, N.H. - Long before most credit unions ever heard the phrase `member business lending' or NCUA had a regulation on the product, New Hampshire's credit union code allowed state-chartered credit union to offer member business loans. What can other credit unions considering venturing into MBL territory learn from their...

Are credit union ATMs ready for Triple DES? It may have snuck up on some of them. See story page 22.

In the fraud special report on pages 18 to 21, find out how some credit unions are handling robberies and teaming up to fight fraud.