August 22, 2014

Northwest FL - Business Loans - Making Gains

| 2/1/2011

Business lending for fiscal 2010 was still 42% below its 2007 five-year peak in the 43-county Small Business Administration North Florida District, as measured by two leading SBA-guaranteed loan programs. But 7(a) loans, often used for startups and working capital, gained 32% from the previous year; 504 loans, a frequent choice for acquisitions or expansions, increased only 1% from a year ago.

SBA District Lending (in millions)
2007 2009 2010

7(a) loans

$263.1 $116.1 $153.7
504 loans $178.9 $99.8 $100.9

Tags: Northwest

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