Small businesses find funding through credit unions

07/7/2010 | Portfolio.com

Despite a cap on business lending, credit unions are becoming an important source of funding for small businesses as banks tighten credit. Credit unions are fighting to lift the cap on the percentage of assets that can be used for business loans to 27.5% from the current 12.25%. Small-business owners say the credit unions offer competitive terms and often look at borrowers on a case-by-case basis, improving the chances of approval.

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