SBA loan activity increases in 2010 - Fosters

Another quick example that funding is on the RISE and timing is good to be looking for SBA business opportunities

Small Business Administration loans to businesses in New Hampshire increased by 91 percent in the first two quarters of fiscal year 2010, the agency reported.According to the SBA, in the first six months of the fiscal year, 387 SBA loans totaling more than $69.8 million were approved, compared with 203 loans totaling $27.6 million in the first six months of fiscal year 2009."The data demonstrates that our SBA lenders throughout the state are actively looking for opportunities to lend to qualified small business owners," said Witmer Jones, the SBA's district director. Jones said incentives through the American Recovery and Reinvestment Act, as well as an increase in the number of New Hampshire lenders taking part in SBA lending programs, have "played a significant role in the increase in lending." Jones said the participation "is a very positive sign that small-business owners in our state have continued to increase their financial commitments in their businesses, and a very positive sign that an increasing number of community banks are making the commitment of time and manpower to use SBA loan guarantees to expand their ability to serve the businesses in their communities."

via www.fosters.com