Posted by Molly Nelson - The SBA's Office of Advocacy recently released the latest version of
their annual study on lending to small firms. The study found that for
the year ending in June 2008, the rates of small business and
micro-business lending were down from the previous one-year period, but
were still in positive territory. The largest increase was in the
number of micro-business loans (loans under $100,000), which increased
by 15.7 percent.
The whole study
has detailed and interesting information, but be sure to check out the
tables of top lending institutions organized by state and territory.
The table for top small business lending institutions (loans less than
$1 million) starts on page 38, and the table for top micro-business
lending institutions (loans less than $100,000) starts on page 51 of
the study. There is also a helpful chart on page 16 of the study that
explains the variables on the state charts.
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