Rodman, scheduled to testify on behalf of the Credit Union National Association (CUNA), will tell the House panel that Actors has considered the SBA guaranteed loan program "for some time" and believes it would both expand and enhance the credit unions' business service to members.
"Unfortunately, we have found the process for qualifying as an SBA lender, and the requirements for underwriting and servicing individual loans, to be too cumbersome and time consuming to recoup the expense for the small size or number of loans we would make," Rodman's testimony is expected to note. (CUNA News Now)