Volume of SBA-backed loans sets another record
by MBJ Staff Published: October 6,2011
Tags: banking and finance, Banks, federal government, financial institutions, loan volume, loans, record, small business loans, small businesses
WASHINGTON — Spurred in part by unprecedented loan volume in the year’s first quarter, small business loans backed by the U.S. Small Business Administration in FY2011 reached the highest mark in the agency’s history, supporting over $30 billion. SBA Administrator Karen Mills said, “Due to the Small Business Jobs Act and a return to pre-recession [...] [...]
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