sba loan

WASHINGTON (Press Release – October 5, 2011) – Spurred in part by unprecedented loan volume in the year’s first quarter, small business loans backed by the U.S.

Small Business Administration in FY2011 reached the highest mark in the agency’s history, supporting over $30 billion, continuing the rebound begun in 2009 and returning to healthy pre-recession levels in the final three quarters of the year.

Washington (PRESS RELEASE – January 13, 2011) – SBA Administrator Karen Mills announced that as of Dec. 31 the agency had approved more than $10.3 billion in loan guarantees which supported more than $12 billion in lending to small businesses since President Obama signed the Small Business Jobs Act of 2010 on Sept. 27.  The Jobs Act included an extension of reduced fees and higher guarantee loan enhancements in the agency’s two largest loan programs.

Washington (PRESS RELEASE – February 24, 2010) – SBA issued the following statement today from Administrator Karen Mills regarding efforts to ensure continued funding for two key provisions in the American Reinvestment and Recovery Act (ARRA) of 2009:

Washington (PRESS RELEASE – February 9, 2010) — Senate Committee on Small Business and Entrepreneurship Chair Mary L.

Landrieu, D-La., who has shepherded small business job-creation measures through her Committee, made the following comment in regard to Treasury Secretary Timothy Geithner’s unveiling of the $30 billion Small Business Lending Fund, a fund that directs money to community banks for small business lending:

Houston, Texas (PRESS RELEASE – December 9, 2009) — HP/SCORE focus on stimulus opportunities, marketing techniques and disaster planning for small business with emphasis on women, minority and veteran owned companies.

When: Thursday, Dec. 10th 2009, 9:30 A.M.

– 1:30 P.M.

Where: Sheraton North Houston, 15700 JFK Blvd. (Intercontinental Airport)

Who: Houston area entrepreneurs
SBA and Harris County officials
SCORE counselors/HP specialists
Speaker: Business book author James Gaskin

WASHINGTON (October 30, 2008)- A “perfect storm” of tightened credit by commercial lenders, declining creditworthiness, and reduced demand for loans from small business borrowers uncertain about the future has led to a substantial decline in the number of small business loans guaranteed by the U.S.

Small Business Administration during FY 2008, SBA Acting Administrator Sandy K. Baruah said today.