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.