CUCollaborate Launches Marketplace to Connect Small Businesses to Credit Unions Offering PPP Loans
For Immediate Release
CUCollaborate launches Balanced Wallet, an online marketplace that connects small businesses to credit unions that are offering PPP Loans
Washington D.C. April 8, 2020: CUCollaborate has launched a new website called Balanced Wallet that focuses on providing a marketplace for small businesses to find a credit union that is offering Paycheck Protection Program (PPP) loans. The website will ask small business owners a series of questions and then present them with 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 businesses,” 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 believes in 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 consulting, software development, and digital marketing company whose mission is to help credit unions grow. CUCollaborate primarily focuses on addressing credit union’s biggest obstacle to growth, field of membership. CUCollaborate specializes in expanding credit union fields of membership to the greatest degree possible, eliminating the friction field of membership causes in consumer acquisition, and delivering strategies that help credit unions efficiently attract new members, loans, and deposits.