SBA Hits Another Lending Record in FY 2014

The U.S. Small Business Administration 7(a) Loan Program reached another lending record in fiscal year 2014, announced Friday, by SBA Administrator Maria Contreras-Sweet. By the end of the fiscal year (Sept. 30), SBA had approved 52,044 7(a) loans for $19.19 billion, an increase of 12 percent in number loans and 7.4 percent in dollar amount over fiscal year 2013. Click here for more.