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SBA Interested In Expanding Biz Loans Through CUs.(United States. Small Business...

By Roberts, Ed
Publication: Credit Union Journal
Date: Monday, January 14 2002

Credit unions may see expanded access to federal guarantees for small business loans in the coming months as part of their efforts to boost member business lending.

Top officials with the Small Business Administration (SBA) told NAFCU representatives last week they are interested in broadening credit union access to SBA-guaranteed loans as a means to providing increased capital to small businesses. NAFCU, which has been lobbying for the past two years to pry open the SBA for credit unions, met last week with Hector Barreto, Jr., chief administrator at the SBA, and

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