Two years after the SBA released a rare report that highlighted the growing influence of credit unions within the small business sector, the agency has offered more proof that the cooperatives are continuing to hold their own.
That's according to the SBA Office of Advocacy report, "Small Business Lending in the United States, 2012."
"Previous evidence suggesting that small traditional lenders represent the majority of lending institutions continues to hold true," the report read. "In addition, non-depository lenders such as credit unions, finance companies and others have become increasingly important as suppliers of credit to small firms."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
