The sweet spots nestled in some credit union business lending portfolios may be turning sour.
During the first half of the year, total outstanding SBA loans under $1 million continued to decline, according to the agency's Office of Advocacy's "Quarterly Lending Bulletin" released Oct. 14.
Loans outstanding to small businesses at the end of the second quarter totaled $607 billion. The 0.4% rate of decline in the second quarter is the slowest since the downturn, which began in 2008, the SBA reported.
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