Small Business Owners Need Credit Union Lending Power
After banks turn them away, small businesses are asking Congress to let credit unions do more.
SAN ANTONIO, April 13, 2012 /PRNewswire-USNewswire/ -- When they wanted to open a daycare center, the Frescas family went to 15 different banks in El Paso, all of whom denied them a small business loan. Suzanne and John Hermann were turned away from half a dozen banks in San Antonio when they were ready to open their bagel shop. Mike McLean was a loyal bank commercial customer for 15 years yet was turned down when he was ready to expand his successful business.
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