A Leading Lender Drops SBA Loans
When nonbank lenders exploded onto the small-business credit market, the buzz was that they would swallow community banks' share of Small Business Administration loans. But as competition intensifies, it's the nonbank lenders that are being pushed out of the market. Case in Point: Chicago-based Heller Financial announced on Feb. 20 that it will no longer be involved in the origination of SBA loans.
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