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The spirit of entrepreneurship is taking the wheel in 2011.
Small business lending remains a national focus, but credit unions aren’t always top of mind for business owners ... yet.
The right technology supports the products and services business members seek.
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From disenfranchised consumers to small business owners cut off from funds by for-profit institutions, the recovering nation finds a ready and willing partner in the cooperative system.
John Wade of the SBA discusses trends in member business lending, demand for credit by small businesses, the MBL cap, and the proclivity of credit unions to help small businesses.
Tightened standards at banks have reduced the availability of loans for small business owners. The need for small business loans is now greater than the supply.
The extension of S.B.A. Loan Guarantees gives further incentive for credit unions to prove their worth.
By revamping an exisiting business lending program, Randolph-Brooks drove dramatic growth without compromising their strong member service.
By revamping an existing business lending program, Randolph-Brooks drove dramatic growth without compromising their strong member service.
As national and regional banks pull back from the small business market due to tighter underwriting standards, credit unions are presented with an opportunity to expand their foothold in this market.