Fuel Oil News

Fuel Oil News April 2015

The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding

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www.fueloilnews.com | FUEL OIL NEWS | APRIL 2015 23 • A diamond ring. • A passport. • A full key set for the facility. With a pure probability sample of 507, one could say with a 95% probability that the overall results have a sampling error of +/- 4.35%age points. Sampling error for data from sub-samples is higher and varies. SmALL BUSINESS AdmIN- IStRAtION ANd NAtIONAL ASSOcIAtION OF FEdERAL cREdIt UNIONS JOIN FORcES tO SOLvE thE ENtREPRENEUR- IAL cREdIt cRUNch Administrator Maria Contreras-Sweet, the head of the U.S. Small Business Ad- ministration and Dan Berger, President of the National Association of Federal Credit Unions, have signed a Memoran- dum of Understanding to invest in Amer- ica's future entrepreneurs and economy. "The SBA and NAFCU are formal- izing a national partnership to promote small business lending. Credit unions help their members with so many other financial needs, and we want them to be able to help the entrepreneurs they serve with SBA loans as well," says Contreras- Sweet. "Credit unions have stepped up and stepped in to fill a real need, adding outlets for SBA loans in communities that need our assistance the most. SBA's joint effort with NAFCU will make credit unions even more valuable as we work to give credit where it's due to small busi- ness across the nation." "We appreciate SBA Administrator Contreras-Sweet's attention to microlend- ing and her innovative efforts to engage credit unions in this space," said Berger. "This partnership is particularly valuable to credit unions because each dollar of an SBA-guaranteed business loan from a credit union is excluded from the credit union's member business lending cap. This affords credit unions much-needed flex- ibility to serve their small business mem- bers. Credit unions have always wanted to do more to help their small business members, and this initiative will go a long way toward making that possible." The partnership between the SBA and credit unions will increase the availability of small dollar loans by providing more outlets entrepreneurs can access SBA products in their neighborhoods. Sec- ond, it will help small business owners get capital for investments into their new or existing business they may have other- wise put on a high-interest credit card or a personal credit line. Third, it will make the small dollar loans more accessible to underserved communities, including women and minorities.

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