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Lending & Credit Risk

Filene report: Small business microlending opportunity for credit unions

September 13, 2013
Read Time: 0 min

Filene Research Institute recently published a report investigating credit unions’ opportunity to develop lasting small business relationships through microlending. According to Filene, there are fewer and fewer community banks available to lend to small business owners. And these owners often have difficulty receiving funding from larger banks. In fact, an infographic published notes that the biggest barrier to growth for small businesses is access to capital. 

Microloans are generally less than $50,000, and are “largely an untapped lending opportunity,” according to Filene. Also noted in the report is that small business loan demand often exceeds availability. So, the opportunity for credit unions to lend to small businesses could be significant.

MBL Whitepaper

The full report was authored by Dave Grace, managing partner of Dave Grace & Associates, and is titled, “Microloan Feasibility Study: Can Small Business Lending Become Big Business For Credit Unions?”

As credit unions implement member business lending (MBL) programs, there are opportunities and risks to consider. To learn more, download the whitepaper: Member Business Lending Landscape: Managing Risk & Opportunity.

 

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