Small Business Administration’s Size Standard Proposal Getting Mixed Feedback
The Small Business Administration proposed changing its size standards that would greatly increase the number of businesses eligible for “small” business support from the government. CUSO Magazine’s Esteban Camargo reports on the response from credit unions and the small business community.
New Bill Aims to Prevent the SBA From Becoming a Direct Lender
Republicans have introduced a new bill to congress that aims to scale back the Small Business Association’s lending abilities, leaving a gap for credit unions to fill in the lending sphere. Emily Claus details the contents of the bill as well as CUNA’s endorsement of it.
Credit Unions Made $5.6 Billion in Loans During Latest PPP Round
As the PPP ends, the SBA reported that this year 859 credit unions made almost $5.6 billion in loans to businesses to help them weather the coronavirus pandemic, reports David Baumann of the Washington Credit Union Daily.
