Credit Unions Feel Stymied By Lending Limitations

After five years as a personal trainer, Nick Irons was ready in 2010 to open his own fitness studio in Bethesda. His search for financing took him from behemoth HSBC to community lender EagleBank. Problem was every bank he approached turned him down. ¶ Irons was bewildered. ¶ “My business was successful before I decided to open a studio, but most banks looked at it as if it were a brand new start-up, not an extension of an existing business,” he said.

Topics:  nick irons   bethesda   hsbc   eaglebank   read   i   irons   years   open   
BING NEWS:
  • Credit Unions Must Elevate Mobile Aptitude
    Despite offering all the services that customers have come to expect from their financial institutions, credit unions have been considered stymied by their traditional ... through my local credit union, I still feel the need to maintain accounts at larger ...
    04/22/2014 - 4:26 am | View Link
  • Credit Unions feel stymied by lending limitations
    Nick Irons, left, owner of Irons Fitness, with Dave Taylor, a strength coach, in Bethesda. Irons was able to start his personal training studio with a loan from Mid-Atlantic Federal Credit Union in Germantown. (Jeffrey MacMillan/Capital Business) By ...
    06/9/2012 - 9:00 pm | View Link
  • As Cleveland battles back, a debate over whom to credit
    "We feel like we're turning a corner," said Brad Whitehead ... The area has taken a regional economic approach, setting aside community-based rivalries that have stymied past efforts. "The reinvention you've seen is being driven by smaller-sized businesses ...
    02/21/2011 - 7:00 pm | View Link
  • NCSECU: Credit union helps customers avoid overdraft fees
    North Carolina State Employees' Credit Union (NCSECU) is no mom-and-pop lending shop. It's the second-largest credit ... The NCSECU campaign is one way credit unions can take advantage of public animosity toward Wall Street and large banks and build ...
    09/7/2010 - 1:00 pm | View Link
  • The 1920s Credit Bubble
    But lately, a striking unease with market forces has entered the conversation. The world confronts problems of staggering complexity and consequence, from a shortage of credit following the mortgage meltdown to the threat of global warming. Regulation ...
    01/13/2008 - 7:17 pm | View Link
  • More
BING SEARCH:
  • Welcome to DATCU Credit Union. The New Way to Bank.
    Find out how easy it is to join DATCU! We are a full service place for all your banking needs. DATCU is the NEW place to Bank!
    10/20/2014 - 6:05 pm | View Website
  • Michigan repossessions
    On this page you can see different banks and credit unions which may have bank repo cars for sale throughout Michigan. Repossessed properties, including boats ...
    10/20/2014 - 3:49 pm | View Website
  • Member Business Solutions, LLC
    Member Business Solutions (MBS) is a credit union service organization (CUSO) serving member business lending (MBL) needs.
    10/20/2014 - 10:20 am | View Website
  • aSmarterChoice Credit Union Finder
    Credit unions are a smarter choice for financial services. Search for a credit union that's right for you.
    10/20/2014 - 6:38 am | View Website
  • Home
    Credit Union, Bank, Financial Institution, Free Checking, Auto Loans, Mortgages, Home Equity Loans, Money Markets, Business Lending
    10/20/2014 - 5:34 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News