The NCUA has proposed changes that would make it easier for credit unions to lend to businesses, making them more formidable competitors with banks and other lenders for commercial trade. The revisions would eliminate requirements that credit union borrowers personally guarantee loans as well as a provision that imposes 80% loan-to-value cap on collateral offered as security. The NCUA also expects to increase the amount of loans a credit union can make to a single borrower while lifting a cap on an institution's aggregate construction and development lending. Credit unions would still have to adhere to the current statutory cap limiting business lending to roughly 12.25% of total assets.