SBA Small Business Lending Falls Slightly From Last Year
The U.S. Small Business Administration’s loan volume in the 2012 fiscal year was its second highest ever, second only to that of the 2011 fiscal year. The U.S. Small Business Administration supported $30.25 billion in loans this year, and $30.5 billion last. Even though the numbers indicate a slight decrease, last year’s loans were heavily boosted by loan incentives presented to lenders as part of the Small Business Jobs Act of 2010, whereas this year, they are not.
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