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Article: The Orange County Register, Calif., small business notebook column.
- Article from:
- Orange County Register (Santa Ana, CA)
- Article date:
- July 18, 2005
CopyrightCOPYRIGHT 2005 The Orange County Register. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jan Norman
Jul. 18--SBA LOANS ARE ON A RECORD PACE: Orange County small-business loans guaranteed by the U.S. Small Business Administration are on pace for another record-setting year.
Orange County businesses obtained 1,079 loans worth $332 million in the first three quarters of the federal fiscal year ended June 30. That is an 8 percent increase in the number of loans and a 16 percent increase in the amount of money borrowed.
Nationwide, the number of loans increased 21 percent to 71,131, and the dollar amount increased 20 percent to $11.1 billion.
"We had a record year for this loan program a year ago, and we're going to set ...