CUCollaborate launches marketplace to connect small businesses to credit unions offering PPP loans
WASHINGTON, D.C. (April 8, 2020) — CUCollaborate launched a new website called Balanced Wallet that focuses on providing a marketplace for small businesses to find a credit union that is offering PPP loans. The website will ask small business owners a series of questions and then display a list of credit unions they are qualified to join and borrow from. The website uses the company’s eligibility software, JoinCU, to determine what credit unions a small business is able to join and borrow from.
“This is a critical time for small businesses and this loan can be a lifesaver. I believe this is a significant opportunity for credit unions to support their local community and gain new members. The PPP Loan just opened up last Friday and banks like Wells Fargo are already closing their application process and stranding thousands of small business.” said Sam Brownell, Founder and CEO of CUCollaborate.
While the website is free to use for credit unions and small businesses, CUCollaborate is asking credit unions offering PPP loans to reach out to become listed so they can connect them with business owners. The company believesin the credit union difference and they hope that Balanced Wallet will help connect credit unions with those in need. For more information please visit: balancedwallet.com
CUCollaborate is a research, consulting, and software company with a mission to help credit unions beat banks. Our proprietary software allows us to mitigate the impact regulations have on credit unions’ ability to grow. We specialize in growth, field of membership and chartering, CDFI certification and grant writing, low-income designation attainment and retention, and mergers and acquisitions. We work with over 200 credit unions ranging in size from $5 million dollars in assets to over $10 billion.