The Small Business Administration is launching a new online tool to connect entrepreneurs with lenders. Credit unions are invited to join.
After difficulty securing financing through banks, Jessica and Mike Huey turned to a local credit union for an MBL that allowed their business to increase its visibility and improve its economic footing.
Efforts by Northwest credit unions to increase their member business lending have proven fruitful as the region’s not-for-profit small-business financiers outpace growth by traditional sources.
Northwest credit union membership continued to grow in the first quarter of 2012, according to NCUA reports, and MBLs in the region increased by more than $44 million compared to the same period in 2011.
Invest in America, a Strategic Link Business Partner, is offering an excellent opportunity for credit unions to secure incremental auto financing through the Credit Union Member Discount from GM.