Los préstamos bancarios por lo general son la forma menos costosa de financiar una pequeña empresa. Sin embargo, no es fácil obtener un préstamo bancario, ya que los bancos tienen estándares estrictos para los préstamos. Como regla general, los bancos requerirán que el prestatario ofrezca una garantía para un préstamo. La única excepción a esta regla es para los clientes que tienen una relación a largo plazo con los bancos y cuyo negocio ha demostrado ser rentable durante un período de varios años.
Las cooperativas de ahorro y crédito son cooperativas monetarias cuyos miembros son los propietarios. Los miembros de la cooperativa de ahorro y crédito reúnen su dinero en el banco para poder hacerse préstamos mutuamente y lograr beneficios monetarios.
Credit unions are not-for-profit organizations that range in size from small, volunteer-only operations to large entities with thousands of members. The basic business model is that members pool their money in the bank in order to be able to loan money to each other and achieve these financial benefits.
Bank loans are usually the least expensive way to finance a small business. However, it is not easy to get a bank loan, as banks have strict standards for lending. As a general rule of thumb, banks will require a borrower to put up collateral for a loan. The only exception to this rule is for clients who have a long-term relationship with banks and whose business has proven to be profitable over a multi-year period.
National Association of Federally-Insured Credit Unions (NAFCU), the trade association representing the interests of federally-insured credit unions, continues to urge government officials to raise the member business lending (MBL) cap for credit unions. Banks have long opposed this action. The Congressionally-imposed statutory cap on credit union member business lending, established in the Federal Credit Union Act as part of the Credit Union Membership Access Act,established an 12.25% asset cap (with loans of only $50,000 or less exempt from this ceiling).
Since 1977, the Community Reinvestment Act has required U.S. banks to meet the credit needs of people living in the areas where they do business — particularly those with low and moderate incomes. Banks are graded on how well they meet that mandate, and their track records matter when it comes to getting federal approval of changes such as a merger with another institution, or the opening of another branch.
A black-owned Atlanta bank is experiencing a sudden surge of deposits, powered by a campaign aimed at bolstering black-owned financial institutions after multiple high-profile police killings raised awareness of institutional inequality.
The economy’s continued expansion could have you, like many business owners, optimistic about your company’s growth prospects for this year and going forward.
Here are five things for business owners to know about getting a bank loan or credit union loan in 2016: