Business Journal: Small Business Loans Big In Sacramento Region
Loans from the U.S. Small Business Administration in the Sacramento district reached record numbers this past year
Wednesday, October 31, 2007
The SBA approved loans to almost 1,500 small businesses in the Sacramento territory, which stretches from Stockton up the Valley to the Oregon border. The loans totaled more than $400 million dollars. Overall, it’s about a 5% increase over the prior year. U.S. Bank became the #1 lender, with 176 loans, bumping Bank of America out of the top spot for the first time since 2003. A relatively new SBA Express Loan program has been very popular. It lets banks authorize small SBA loans using their own bank paperwork.