CUNA News Now: Some banks drop SBA micro loans

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NEWARK, N.J. (3/30/05)--Some community banks are dropping certain business credit and credit-related products and services, including Small Business Administration (SBA) micro loans, according to a survey of community bankers.

Among the five most commonly dropped business products during the past 12 months, SBA micro loans clocked in the No. 5 position, with 4.1% of banks surveyed dropping these loans, says the Community Bank Competitiveness Survey 2005, commissioned by the ABA Community Bankers Council and ABA Banking Journal.

Other products dropped, in order of most common to least commonly dropped were: factoring products and auto leasing, tied with 6.9% of banks surveyed dropping these products; equipment leasing, 6.6%; and state-guaranteed loans, 4.7%.

Construction loans and commercial mortgages are the most commonly offered business credit-related products, with each offered by more than 94% of banks surveyed. Commercial term loans were offered by 91.6%.

More than 84% offer credit lines to businesses, 80.6%, working capital loans; 52.5%, SBA 7(a) loans; 50.3%, accounts receivable financing; 48.8% merchant card processing; and 45%, SBA 504 loans.

Business credit cards are offered by only 35.3% of the community banks surveyed. SBA micro loans are offered by 27.5%, equipment leasing by 26.3%, state-guaranteed business loans, 24.7%, business auto leases, 9.4%, and factoring, 6.3%.

The banks most often named commercial mortgages as their most profitable business service. Least profitable was merchant card processing.

A comparison of business credit cards vs. consumer credit cards offered indicates that fewer banks offer business credit card service (35.3%) than offer consumer credit card service (45.3%).



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	News Now LiveWire Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 12 hours ago St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 13 hours ago CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 17 hours ago NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 4 days ago Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago Sign up; more tweets... Some banks drop SBA micro loans NEWARK, N.J. (3/30/05)--Some community banks are dropping certain business credit and credit-related products and services, including Small Business Administration (SBA) micro loans, according to a survey of community bankers. Among the five most commonly dropped business products during the past 12 months, SBA micro loans clocked in the No. 5 position, with 4.1% of banks surveyed dropping these loans, says the Community Bank Competitiveness Survey 2005, commissioned by the ABA Community Bankers Council and ABA Banking Journal. Other products dropped, in order of most common to least commonly dropped were: factoring products and auto leasing, tied with 6.9% of banks surveyed dropping these products; equipment leasing, 6.6%; and state-guaranteed loans, 4.7%. Construction loans and commercial mortgages are the most commonly offered business credit-related products, with each offered by more than 94% of banks surveyed. Commercial term loans were offered by 91.6%. More than 84% offer credit lines to businesses, 80.6%, working capital loans; 52.5%, SBA 7(a) loans; 50.3%, accounts receivable financing; 48.8% merchant card processing; and 45%, SBA 504 loans. Business credit cards are offered by only 35.3% of the community banks surveyed. SBA micro loans are offered by 27.5%, equipment leasing by 26.3%, state-guaranteed business loans, 24.7%, business auto leases, 9.4%, and factoring, 6.3%. The banks most often named commercial mortgages as their most profitable business service. Least profitable was merchant card processing. A comparison of business credit cards vs. consumer credit cards offered indicates that fewer banks offer business credit card service (35.3%) than offer consumer credit card service (45.3%). More CU/System
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