Credit unions scale back small-business lending

06/14/2013 | Bloomberg Businessweek

Credit unions appear to be reducing lending to small businesses, according to the Biz2Credit Small Business Lending Index, which shows that loan approval has dropped each month for the past year. Possible explanations include a shrinking pool of applicants and a federal law that caps credit unions' business lending, Biz2Credit CEO Rohit Arora says.

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