Credit unions that serve small businesses need to be freed up to help revive Main Street, and need to see the member business lending cap raised, Texas Governor and current Republican presidential nomination candidate Rick Perry said on Friday.
Perry noted that small business owners are “being strangled” by tight credit as small businesses continue to have a hard time getting credit from large national banks. (ICUL Photo)
The governor’s remarks came as his fellow contender for the Republican nomination, Mitt Romney, discussed MBLs with a credit union leader at an Arizona business roundtable.
Perry spoke before 250 attendees of the Iowa Credit Union League’s 2011 Convention.
In his remarks, Perry noted that business owners are “being strangled” by tight credit as small businesses continue to have a hard time getting credit from large national banks.
Perry also addressed his support of credit unions in his home state, noting that Texas credit unions “generate three-quarters of a billion dollars in salaries, employ 18,000 workers and provide billions of dollars in capital for families and businesses.”