Networking For More Member BusinessLoans

Register now

WESTERLY, R.I. - (10/18/04) -- Westerly Community CU has begunmarketing its new member business loan program through the localchamber of commerce, the Misquamicut Business Association, in orderto expand the fledgling program's reach. So far the credit unionhas almost doubled its target for the program, unveiled in June,averaging about $1 million a month in new loans. The credit union'sprogram offers loans up to $250,000, lines of credit, and U.S.Small Business Administration guaranteed loans, as well asbusiness-related checking accounts, interest-bearing accounts, andDBA (doing business as) accounts.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER