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Trying to fill lending gap

Over banks’ objections, credit unions seek higher loan limits

Credit unions want to expand business beyond the typical individual customers and serve more small businesses. “This is going to be a vast and growing area,’’ said Robert M. Cashman, chief executive of Metro Credit Union in Chelsea. Credit unions want to expand business beyond the typical individual customers and serve more small businesses. “This is going to be a vast and growing area,’’ said Robert M. Cashman, chief executive of Metro Credit Union in Chelsea. (Dina Rudick/Globe Staff)
By Beth Healy
Globe Staff / February 10, 2010

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When Shaunna Schiller and her husband were launching their Sturbridge construction business last year, they needed to lease an excavator and a loader for their first job. Nice as the staff was, the Bank of America branch where they had their deposit account would not give them an equipment loan. (Full article: 948 words)

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