In its continued pitch to drum up support for an increase in the member business lending cap, NAFCU has reached out to SBA Administrator Karen Mills.
The trade group said it has been a long-time supporter of the SBA's lending programs, wrote NAFCU President/CEO Fred Becker in a Sept. 7 letter to Mills.
"As you know, small businesses employ half of all private sector employees, and they are a key to job creation and our nation's economical success. Unfortunately, as small businesses try to navigate through the tough economic landscape, the same large financial institutions that caused the difficulty economic conditions have reduced their small business lending," Becker wrote.
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