The $513 million cooperative in Springfield, Mass., was named the SBA’s top 7(a) lender in total dollars for the Western Massachusetts region.
The SBA said Wednesday it is working with FEMA and other agencies to find out which small businesses and homeowners will need recovery assistance.
The SBA said its Small Business Investment Company debenture program provided a record $2.95 billion to small businesses in fiscal year 2012.
Over the past six quarters, the SBA’s loan program has posted the second-largest dollar volume ever, supporting $30.25 billion in loans to small businesses.
Treasury Department cites $1.5 billion increase from first quarter showing.
Over the last two decades, small and new businesses have been responsible for creating two out of every three net new jobs in the U.S., and the country’s 28 million small firms today employ 60 million Americans–half of the private-sector workforce.
The SBA has increased the small business size standard for the real estate, rental and leasing, educational services, health care social assistance sectors.
Agency seeking comment on proposal that would potentially allow 12,900 more firms to become eligible for its loan programs.
SizeUp compares businesses in same trade, provides geographic information, recommendations for advertising, prospective customers.
The $283 million Coast360 Federal Credit Union said it recently became the first financial institution on Guam to become an SBA Express lender.