Swedesboro, NJ and Princeton, NJ (November 17, 2021) |
cuBIZloan.com is excited to welcome 1166 Federal Credit Union to our commercial and member business loan Referral Credit Union (RCU) program. 1166 FCU is looking forward to offering access to business loans, adding value to their current business checking and credit card services.
The RCU program provides an avenue for businesses, investors, and not-for-profits to request a business loan through 1166 FCU. cuBIZloan collaborates with the borrower to determine the best loan product and connects them to a trusted lending partner in the referral network.
The Referring Credit Union generates non-interest income and cuBIZloan provides the member business lending expertise! “Additionally, there is an opportunity to sell a portion of the loan back to lenders in the network. Everyone prospers by working together,” said Murray Halperin, Managing Member of cuBIZloan.