SBA Loan Dollars in FY 2012 Reach Second Largest Total Ever; $30.25 Billion Second Only to FY 2011
WASHINGTON – With loan volume steadily increasing for the past six quarters, the U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in FY 2012, supporting $30.25 billion in loans to small businesses. That amount was surpassed only by FY 2011, which was heavily boosted by the loan incentives under the Small Business Jobs Act of 2010.
Read Article: http://www.sba.gov/about-sba-services/7367/329571
Showing posts with label SBA. Show all posts
Showing posts with label SBA. Show all posts
Wednesday, October 24, 2012
Wednesday, September 12, 2012
Liberty Bank Hires New Business Development/Loan Officer
SALT LAKE CITY, UTAH Liberty Bank announces the hiring of Joseph Porter as a Business Development/Loan Officer. He will is responsible for the development and services of small business loans and commercial loans throughout the Wasatch Front.
Mr. Porter brings his experience in commercial loan marketing and fiance, as well as community bank development and growth strategies. Mr. Porter has been a consultant in developing local community banking programs and services for over a decade. He has been a part of several strong banking corporations throughout his career, including: Zions BankCorp and First Security Bank.
“I look forward to working with Liberty Bank in developing their small business lending and commercial loans”, said Mr. Porter. ”I am focused on developing new business and growth for Liberty Bank, servicing customers, and working to become a community contributor.”
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About Liberty Bank: Liberty Bank, a locally owned community bank was founded in 1956 to provide personalized financial services for the Salt Lake City area. Our experienced professionals are dedicated to providing our customers the highest quality of customized attention based on your needs. At Liberty Bank we have in-depth knowledge of financial products, as well as our local and national economic conditions. Our values stand for integrity, fairness and honesty throughout our business.
Media Contact:
julie@libertybankofutah.com
(801) 355-7411
www.libertybankofutah.com
Wednesday, July 18, 2012
Business Owners Turn to Bank Loans, Not Business Cards, for Financing
Small-business owners seeking funding now see bank loans as their first option, not business credit cards, says a June 2012 Pepperdine University study
, reversing the findings of the same survey in 2011, when credit cards were seen as the business owners' first choice for loans.
, reversing the findings of the same survey in 2011, when credit cards were seen as the business owners' first choice for loans.
According to the survey, which included responses from 6,000 business owners, 68% of those seeking financing in the next six months said they will pursue a bank loan. Business credit cards were the choice of 40% and 36% said they will look to a credit union or community development fund for a loan.
were the choice of 40% and 36% said they will look to a credit union or community development fund for a loan.
The study, conducted as part of Pepperdine University's Private Capital Access Index study, also found that of the respondents who were unable to obtain a bank loan, 67% said they thought the bank loan financing was still a good fit for them.
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Owners of lower revenue businesses (less than $5 million) were found to be less optimistic about receiving financing from banks than owners of businesses bringing in between $5 million and $100 million.
The preference for bank loans reverses the sentiment business owners expressed in the same study in December 2011, when only 37% of respondents said they had tried to receive bank loans in the past 12 months. The survey then found 49% of respondents sought to use credit cards.
http://www.foxbusiness.com/personal-finance/2012/07/03/business-owners-turn-to-bank-loans-not-business-cards-for-financing/#ixzz20zPDXQua
Monday, May 28, 2012
Small Business Week Heads to D.C.
It’s Small Business Week, and here are a few links to help you know what’s going on.
Inc. has a list of ten impressive attendees in D.C., and the New York Times has a post packed with useful Small Business Week links. At Entrpereneur.com, Victoria Tifft, the Small Business Administration 2012 National Small Business Person of the Year and founder of ClinicalRM, a medical device and vaccine research company, discusses the growth of her business.
And at Reuters, John Stoehr is asking, in light of a challenge to the health care law: Who truly speaks for Small Businesses?
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