lending

Larimer County credit unions, banks at odds over lending cap
smallbusinesscreditnews.com

Credit union representatives, however, say banks don’t want the competition. “They say it will hurt business, but it’s taken us more than 100 years to gain 6 percent of the market for small business loans and deposits,” Maus said. “Even if we doubled …

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A Small World After All? Data Breakdown on Small-Business Lending
smallbusinesscreditnews.com

Loans in the $100,0000-to-$250,000 bucket, which peaked in mid-2007, have fallen 26 percent since then to $61 billion. (Banks reported small-business loan data once annually, for the second quarter, through 2009, and quarterly beginning in 2010.) …

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Udall re-introduces measure to boost credit union lending
smallbusinesscreditnews.com

At issue is a credit–union lending cap Congress adopted in 1998, under which the member-owned, nonprofit institutions must limit business loans to 12.25 percent of their assets. Udall’s bill would raise the limit to 27.5 percent, and proponents say …

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Stand with Rand in liberating credit-union lending
smallbusinesscreditnews.com

But because of government barriers to credit–union business lending, thousands of entrepreneurial ventures may be unnecessarily deprived of the seed capital credit unions could provide to them. As Arora says, “Credit unions are handcuffed by a lending …

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CEI praises bill to raise credit unions’ member business lending cap to 27.5 …
smallbusinesscreditnews.com

CEI The Competitive Enterprise Institute on Tuesday praised legislation introduced by Sens. Mark Udall (D-Colo.) and Rand Paul (R-Ky.) to increase the credit union member business lending cap to 27.5 percent of assets for eligible institutions.

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Banks turn cautious on corporate lending
smallbusinesscreditnews.com

“From now onwards, we will only sanction corporate loans after taking into consideration their exposure to risks in the current economic environment,” B. A. Prabhakar, Chairman and Managing Director, Andhra Bank, told Business Line. There is better …

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Wells Fargo enhances small business lending and services
smallbusinesscreditnews.com

SAN FRANCISCO — National banking group Wells Fargo & Company is hiring more bankers to serve small businesses through its banking stores and has introduced two new secured credit products for business owners. Wells Fargo is announcing its …

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How Tech Is Boosting SMB Lending
smallbusinesscreditnews.com

For example, credit unions decided to take advantage of this hole in the marketplace by increasing their small business loan-making. As did alternative lenders — cash advance companies, factors, and others — leveraging their investment in …

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