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SBA Backs $19 Billion in Loans to Small Businesses

Fiscal year 2006 set records for the Small Business Administration for number of loans and the dollars loaned, the agency said.

By Staff Writer | Updated on October 10, 2006

WASHINGTON — Fiscal year 2006 set records for the Small Business Administration for number of loans and the dollars loaned, the agency said.

The SBA backed a net 100,197 loans totaling $19.1 billion under its two primary small business loan programs during the 12 months ending on Sept. 30. Both the number of loans and the dollar amount is a single-year record, the agency said. The previous records were set last year, when SBA provided a net 94,554 loans worth $18.1 billion under the same two programs.

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