Portland District Office First Quarter Lending Ahead of Pace

 PORTLAND, Ore.  – In the Portland District, the U.S. Small Business Administration guaranteed $123.8 million in supported loans during the first quarter of fiscal year 2013, up 46 percent over the same period the year before. The number of loans increased 5 percent compared to the first quarter of FY12. From Oct. 1, 2012 to Dec. 31, there were 195 7(a) loans and 21 504 loans supported.

 “The pace of SBA loan-making is a healthy sign of continued support by the credit markets and is one of the foundations for ensuring the availability of financing to small businesses,” said Acting District Director Robert DuCotè. “Helping small businesses gain access to capital is an important part of helping them grow and stimulates economic development.”

 7(a) loans are the SBA’s primary business loan program; 504 loans provide long-term, fixed-rate financing for acquisition and/or renovation of capital assets including land, buildings and equipment. For more information about SBA loan programs and/or to find a lender visit sba.gov/or

###

 




Get the Info That Matters Most to You With SBA Direct

Find information on:

(Select your topics)

Get Local Assistance Right in Your Area

Counseling, mentoring, and training from an SBA District Office, SCORE Chapter, Small Biz Development Center or Women’s Biz Center in your area.

FIND RESOURCES

join the community


  No relevant media for this area.

Success_Story-Kevin_Stecko.jpg
For Kevin Stecko, a geo-environmental engineering graduate from the Pennsylvania State University, the success to creating a niche business was...
Success_Story-Stacey_Stratton.JPG
Making Dreams Come True Stacey Stratton, executive recruiter and owner of True Talent Group, a sales recruitment company based out of Apple...
Fort Walton Beach, FL --- Margarita Howard is the Founder and President/CEO of HX5, LLC, a U.S. Small Business Administration 8(a) and HUBzone...