BizSugar.com › Raising Capital › How a Credit Cap Battle Affects Small Business Lending

It seems that credit unions and community banks, the kinds of institutions that usually loan to small businesses, are prevented from doing so as much as they would like because of a credit cap that limits the amount of lending permitted for them under law. Now credit unions are asking that the cap be lifted allowing them, and community banks, to approve more loans for small businesses. And guess who's objecting to the change!