WASHINGTON — The number of small business loans outstandingunder $1 million increased by 15% between June 2006 and June 2007,according to a report released today by the Office of Advocacy ofthe Small Business Administration.
A subset of loans–those between $100,000 and $1million–increased more than twice as much, by nearly 32 %, the datashowed. The total dollar value of small business loans increased byroughly 8%.
Smaller loans under $100,000, which includes business creditcard loans, increased in total dollar value by 9.4%. All of thesewere higher rates of growth than over the 2005-2006 period,according to the report.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
