A Big Year for Little Loans

During FY 2012, SBA’s 7(a) lenders originated 107 loans across eastern Missouri for $50,000.00 or less.  Of those, 56 were revolving lines of credit. 

The following programs were used to originate these loans:

SBA Express – 83 loans
Preferred Lender Program – 4 loans
Standard 7(a) Loan Program – 2 loans
Small Loan Advantage – 3 loans
Patriot Express – 10 loans
Export Working Capital Program – 1 loan
Small/Rural Lender Advantage – 4 loans
Working Capital CAPLine – 1 loan

Of the 374 7(a) loans guaranteed in eastern Missouri during FY 2012, 152 (41%) were originated using the SBA Express loan program; 16 using the new Small Loan Advantage initiative; 16 loans using the Patriot Express program; 34 loans using the Small/Rural Lender Advantage; and only 74 loans (20%) were originated using the standard 7(a) loan program.

“With a desire to increase exporting, we will concentrate on expanding the $2.1 million originated using the International Trade (ITL) loan program during FY 2012,” stated Bob Newman, SBA’s International Trade Officer for eastern Missouri. On a $1 million loan the guaranteed portion would be $750,000 using the standard 7(a) loan program, but with the ITL the guaranteed portion would be $900,000, a $150,000 or 20% difference.  If you sell the guaranteed share of your SBA-guaranteed loans in the secondary market, this could mean a substantial difference given the premiums reportedly being paid today.”

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