Cooperative Business Services is hoping the $29 million in loans it funded in the first quarter will put it on track for a second consecutive year of record growth.
The Cincinnati-based business lending CUSO said the average CBS loan is roughly $536,000 and the largest transaction funded is over $9 million.
"I am extremely satisfied with our first-quarter production, and I am encouraged about the forward momentum that our sales team and partner credit unions are building in the market," said Keith Reed, CBS president/CEO.
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