ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Business borrowers really like credit unions—when they use them.In fact, credit unions have some of the highest business-borrower satisfaction rates among all types of lenders, according to the Federal Reserve’s latest Small Business Credit Survey. Satisfaction with credit unions was 76% among applicants for new credit. Among small businesses with existing loans, lines of credit and cash advances, credit unions garnered an 85% satisfied rating, higher than the satisfaction rates for small banks, large banks and online lenders.Despite these figures, only 9% of small businesses sought credit from credit unions last year, according to the survey. And few credit unions are involved in lending programs backed by the U.S. Small Business Administration that cater to small businesses.Only 178 credit unions, or 3%, were active lenders in the most popular SBA program—the 7(a) loan program—in fiscal year 2018. This is the case despite the fact that SBA lending has gained momentum among small businesses in the past five years. The number of SBA loans by all financial institutions increased 30%, and the approved dollar amount of SBA 7(a) loans jumped 42% (from $17.8 billion to $25.3 billion) during that time period, according to SBA statistics. continue reading »
0Shares0000Betway renovates Kibra’s Alswafa FC community HallNAIROBI, Kenya, May 20 – Betting firm Betway Kenya has unveiled the newly renovated community hall for the Alswafa Football Club based in Nairobi’s Kibera area.Alswafa FC is the oldest football club in Kibra now playing in the Football Kenya Federation (FKF) Nairobi West Regional League. The club has over the last 20 years produced players to the national team, Harambee Stars, as well as outside of the country as professionals.“We are delighted by the kind gesture shown to us by Betway through the renovation of our community centre as well as giving new kits to our team. This will go a long way in boosting the morale of our team and also growing the club to greater heights,’’ said Bashir, Chairman of Alswafa FC.The team hosts its matches at the famous Woodley stadium. Over 70% of players are youth residing in Kibra and its surrounding areas where the club provides necessary support and resources for them to achieve their aspirations in the sport.“As Betway Kenya, we are committed to community development through sport, and for us, this is a great pleasure and honour to support the Alswafa club and the community as a whole through the hall and new kits,” said Leon Kiptum, Betway Country Manager.“We understand the importance of confidence when striving to achieve one’s dreams and aspirations and we hope our contribution will add to the team’s confidence and growth of the club,” he added.The community hall acts as a source of income for the club and the team will greatly benefit from the investment as the hall has space for income-generating activities and also provide players with job opportunities.Furthermore, this initiative will create employment opportunities for the youth and aide the club in their journey to self-sustenance and rely less on donors and well-wishers.Please find attached the press release for the same as well as the link below with the images from the event.0Shares0000(Visited 1 times, 1 visits today)
Washington State Patrol troopers arrested a suspected intoxicated driver on southbound Interstate 5 Thursday morning following a brief scuffle. And then they found a toddler — alive — under the passenger seat of the man’s truck.Troopers had pulled over another vehicle on the freeway when they noticed a Ford pickup truck weaving on the road. One of the troopers tried to flag down the truck and get it to pull over, but it kept driving, said WSP spokesman Will Finn.The law-enforcement duo hopped back in their cruiser and pursued the truck, which initially stopped in a lane of travel before the troopers were able to instruct its driver to the right side of the freeway, Finn said.“The man turned out to be impaired, and there was a short struggle,” Finn said. The man did not want to exit his vehicle. No one was injured when the man allegedly resisted, he said.After the man was handcuffed, the troopers noticed scrapes on his hands. The injuries were inconsistent with the fight that just occurred, so the troopers made some calls. It turned out the man had allegedly been involved in a domestic violence incident prior to his arrest, Finn said.