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SBA: Working to Include Credit Unions in Lending Reports

WASHINGTON -- Because of their relatively new entry into Small Business Administration lending, credit unions were not included in the agency's Small Business Economy: A Report to the President for 2007 released yesterday, but the agency said it is working harder to include them in future reports.

By Michelle A. Samaad | Updated on December 20, 2007

WASHINGTON — Because of their relatively new entry into Small Business Administration lending, credit unions were not included in the agency’s Small Business Economy: A Report to the President for 2007 released yesterday, but the agency said it is working harder to include them in future reports.

The report reviews the economic environment for small businesses in 2006. Among the findings were lenders with more than $10 billion in assets continued to increase their dominance in loans under $100,000 but remained “passive” with loans in the $100,000 to $1 million loan range, which is often seen as a “sweet spot” for many credit unions.

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