The SBA has been paying attention to the stalled season and said it is ready to assist small businesses nationwide.
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.
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.
SizeUp compares businesses in same trade, provides geographic information, recommendations for advertising, prospective customers.
A new curriculum to support business owners through training, technical assistance and mentoring has been developed by the SBA and FDIC.
David Adams cited for helping Michigan credit unions sharply increase small business lending.
In its latest push to gather support for increasing the member business lending cap, NAFCU recently called on the SBA to aid in the fight.
Credit unions could make more loans if the Small Business Administration streamlines its loan approval and evaluation processes and Congress raises the cap on member business loans, Corning FCU President/CEO Gary Grinnell told a House panel.
Two weeks after appearing before a House subcommitee to endorse raising the member business lending cap, CEO Gary Grinnell will be back to testify at a hearing on SBA loan programs.
FY2011 total is the highest volume fiscal year in the SBA's history