Loans To Small Business: Where Can Your Business Get One? Posted By: Neal Coxworth

There is always a lot of media chatter about “main street” and “helping small business“, however, the reality of the matter is anyone seeking loans to small business is going to have an extremely challenging environment to deal with. While the government has moved a tremendous amount of support into the small business lending arena, the reality of the matter is that the government doesn’t make business loans, banks and non-bank lending institutions do. These entities, despite government support tailored to reduce the risk of default, are not lending at nearly the levels they once were.

This begs the question, in 2010, who is making loans for small business?

The SBA- The Small Business Administration has tried hard to support small business, especially since the the new administration made the agency a priority, the numbers are beginning to show improvement. For fiscal year 2010, the SBA was guaranteeing approx $333mm per week in loans to small business on average, up from a weekly average of $258mm in 2009. This represents an almost 1/3 increase, so things are have improved quite significantly with the increased government assistance.




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