8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » The foundation of every solid credit union member business lending (MBL) program is a proper loan structure, says Mike Steppenbacker, corporate banking director at Ent Federal Credit Union in Colorado Springs, Colo.That foundation rests on four principles, says Steppenbacker, who conducted a breakout session Monday at the CUNA Lending Council Conference in Nashville.A proper loan structure:1. Clarifies expectations for a borrowing relationship. From the outset, engage in open dialogue about goals, future projects, other anticipated cash flow needs, debt repayment plans, and feelings about leverage. And don’t shy away from discussions about liquidity.2. Ensures the borrower has “skin in the game.” How much money has the applicant pledged? The more the better, says Steppenbacker, who adjusts rates to give borrowers an incentive to accept these credit union-friendly structures.