Credit unions provide another option for small-business borrowers

03/14/2012 | Entrepreneur online

You shouldn't overlook credit unions as you try to find funding for your business. "You'll often find interest rates and fees lower than at commercial banks, and because the small-business borrowers are members, the credit union leadership is often likely to have more flexibility in lending to them," said Mike Schenk of the Credit Union National Association. But credit unions might have limited business services, and they might be wary of taking on large amounts of risk, Gwen Moran writes.

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