Why Your CU Should Get Involved in Small Business Lending

Sonya McDonald

Sonya McDonald

EVP, Chief Lending Officer

Randolph-Brooks Federal Credit Union

Why Your CU Should Get Involved in Small Business Lending

02:00 PM Monday, April 23, 2018

Now more than ever, our members need our help!  We must get more involved and provide all of the business services necessary to help business help the people in our local communities.  Small business loans are often viewed as risky and complex.  However, it is increasingly become a necessity for our membership.  There are many valuable tools at our disposal to help mitigate the risks.

SBA products allow us to leverage our lending dollars, mitigate the risk associated with the loans, and extend more credit to our communities’ small businesses

Sonya McDonald testifying on behalf of NAFCU in front of the House Small Business Subcommittee on Investigations, Oversight and Regulations