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Tag Archives: small business loans

SBA promise loan increase for country's veterans

The U.S. Small Business Administration’s top lenders have signed on with the SBA’s Veteran Pledge Initiative to pump up their loans to veterans by 5 percent a year for the next five years. The SBA has enlisted its top 20 national lenders and about 100 regional and community lenders to help veteran-owned small businesses. SBA officials estimate that the initiative ...

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Volume of SBA-backed loans sets another record

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 lending levels, over 61,000 small ...

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