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SBA Backed Lending in Orange, Riverside, and San Bernardino Counties Sees Significant Year-Over-Year Growth

Release Date: 
Tuesday, July 23, 2013
Release Number: 
Advisory Date: 
Tuesday, July 23, 2013
Doug Dare (714) 560-7467

Analysis of year-to-date loan data shows dollar volume of loans increasing 19%, number of loans rising 8% from same period in FY12

Santa Ana, CA – Today, Acting District Director Rachel Baranick announced that as of June 30th, the Small Business Administration has supported $911,954,700 in financing through 1108 loans to small businesses located in the Santa Ana District during the first three quarters of Fiscal Year 2013.  Compared to the same period in Fiscal Year 2012, in which $765,361,700 in financing through 1029 loans, this represents an increase of 19% in the dollar volume and 8% in the number of small business loans.  According to Ms. Baranick, “With one quarter left to go in FY13, we’ve already surpassed the amount of SBA lending accomplished the entire previous fiscal year.  Overall the pace of SBA loan making is a healthy sign for the economy and the credit markets and is one of the foundations for ensuring the availability of financing to small businesses trying to establish themselves.”

Time Period

# SBA Loans

$ Supported

FY09 Q1-Q3



FY10 Q1-Q3



FY11 Q1-Q3



FY12 Q1-Q3



FY13 Q1-Q3




National trends across SBA’s loan portfolio show that 7(a) loans are up $1.8B in approvals due to growth in the Preferred Lenders Program (PLP) and Small Loan Advantage (SLA).  Loans above $350,000 have increased significantly compared to other loan sizes, up $1B over the same period last year.  Across 68 SBA District Offices, the Santa Ana District ranks fourth in lending dollars behind the Los Angeles, Georgia, and Illinois District Offices. 

One example of how SBA financing has assisted a local small business is demonstrated by Fullerton based Western States Envelope Corporation, a business specializing in commercial printing which received a 7a loan through Plaza Bank, an Irvine-based SBA lender.  The loan enabled the business to refinance its commercial real estate loan for the facility in which it operates, allowing the owner to implement cost savings and better manage cash flow.  According to borrower Lisa Hoehle, “I was impressed with the ease and speed of the loan process.  Refinancing at this critical time has provided a cash cushion that’s allowing us to expand with the increase in demand.”

The Credit Union of Southern California's SBA-backed 7a loan, helped owner Roland Foss meet his significant startup costs when opening Mission Market in May 2013. An upscale convenience store located at the City Pointe apartments in downtown Fullerton, Mission Market required substantial leasehold improvements and lots of new coolers, shelving, custom countertops and inventory.  A U.S. Army veteran with an MBA from Cornell University, Mission Market is his first business venture. "Everyone keeps saying, 'This is exactly what we need downtown!" he says. "I totally agree--after all, I live upstairs! Ultimately, this loan is helping make downtown Fullerton a better place to live, by bringing a valuable service to the downtown area and keeping residents out of their cars." The loan also provides jobs for six people, four of whom attend Fullerton College or CSUF.

For more information about SBA’s loan programs, please visit www.sba.gov/financialassistance. Lender Ranking Reports are available for SBA lenders active in the Santa Ana District at https://www.sba.gov/offices/district/ca/santa-ana/resources/santa-ana-district-office-financing-information

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