How do credit unions benefit from providing business loans to their members through CUBS, LLC?
CUBS, LLC is an alternative loan source that meets credit union members’ demand for business related loans. There are more than 24 million small businesses in the U.S today and many of those small business owners are credit union members looking to their credit unions to provide them with commercial loans to help them start, build, and grow their companies. Credit unions benefit by getting the professional expertise they need to properly evaluate member business loan requests with minimal investment of their time, their financial resources and their own staffing. Credit unions also receive the advantage of having a lending option that diversifies risk within their loan portfolios. Over 6 million small business owners do not have adequate access to the capital they need to grow their businesses.
