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Octant Business Services pays 7.5 dividend
LITTLETON, Mass. (3/30/11)--Octant Business Services, a credit union service organization (CUSO) that provides guidance, underwriting and loan servicing for member business lending programs, has issued a 7.5% dividend--the second consecutive year the company has paid a dividend to its owners. Working with 17 credit unions, Octant serviced 385 loans worth $172 million during 2010. The firm’s loan portfolio grew by $61 million, a growth rate of 55% from 2009. “It’s gratifying to know that our efforts not only have helped so many small-business owners to realize their dreams, but also empowered credit unions to enter the small-business market,” said Bob Cipriani, president/CEO of Octant Business Services. “We know our strengths and focus exclusively on this key area,” Cipriani said. “Collectively, our staff has well over 100 years of experience in business loan underwriting.”


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