SBA loans increased Q4 2012

SBA financing jumped during the final months of 2012, a new report indicated. According to the Quarterly Lending Bulletin released by the United States Small Business Administration (SBA), lending to small companies increased by 0.4 percent in the fourth quarter of last year. Approved business loans rose from $584.1 billion in September 2012 to $586 billion in December. This represents the first gain seen in ten quarters, the data revealed. 

Lending on the rise 
Entrepreneurs seeking loans of all sizes may have had better luck when looking for business financing during the final months of the year. Loans valued under $100,000, between $100,000 and $1 million, and under $1 million all increased.

Even though the loan gains were small, they do represent a changing attitude among business owners and lenders. The SBA's bulletin hinted consistently improving financial conditions and markets combined with low interest rates are making it more desirable for entrepreneurs to take out loans and less risky for lenders to provide companies with financing options. However, small-business owners could still face challenges in the months ahead, especially as commercial real estate loan conditions have yet to open up the market to a broader range of entrepreneurs. 

How can small-business owners get loans? 
With loans slowly becoming more accessible to business owners across the country and the economy showing signs of improvement, more may soon look for a way to receive lending to launch or grow their companies. However, some may be unsure of where to start their search for loans or how to determine if their enterprises qualify for startup financing or growth capital.

Entrepreneurs who need more information about the SBA loan program and help obtaining a loan will find it helpful to work with a small or mid-sized local bank to get the information they need. While bigger banks may seem as though they provide more options for business owners and can offer more solutions, smaller financial institutions may actually be able to provide more personalized service, loan assistance and cash management choices for company leaders. 

As the potential for entrepreneurs to obtain SBA loans increases, it is important for business owners to stay on top of market trends, as well as business needs and company finances. Small and mid-sized banks can help firms navigate these areas and ensure success in the future. 

Content presented by Bridge Bank, offering flexible, customized solutions for entrepreneurs.

Getting Started

Find your ideal banker:

Getting Started

Find your ideal banker:

Featured Insights

Silicon Valley Business Journal reported on March 26 that In the market for a two-bedroom apartment in...

Nanolab Technologies uses cutting-edge technology and expertise to provide knowledge-based analytical services for...

Mission Bell is a 54-year old company based in Morgan Hill, California that specializes in architectural millwork,...

Mercurynews.com reported on January 30 that Fueled by mushrooming tech wealth, luxury home sales set new records in...

Much of the country is still recovering from the recession, making it difficult for companies to secure financing....

Recent News

04/23/14
San Jose, CA – April 23, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
04/23/14
San Jose, CA – April 23, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
04/22/14
Conference Call and Webcast Scheduled for Tuesday, April 22, 2014 at  5:00 p.m...
04/18/14
Going into business as an entrepreneur requires a unique skill set and frame of mind...
04/18/14
Startup founders and other entrepreneurs are familiar with the process of failing...
04/18/14
Entrepreneurs sometimes find themselves at important crossroads. One of these is...
04/18/14
Sometimes it can seem like so many meetings are being scheduled that they are...
04/18/14
Small-business owners and entrepreneurs are used to running their companies on what...
04/18/14
Sometimes, despite training and determination, managers and founders attempt to...
04/17/14
The business world has changed rapidly in the past decade, and strategies that were...

Twitter

Featured Insights

Featured Insight

Silicon Valley Business Journal reported on March 26 that In the market for a two-bedroom apartment in...

Featured Insight

Nanolab Technologies uses cutting-edge technology and expertise to provide knowledge-based analytical services for...

Featured Insight

Mission Bell is a 54-year old company based in Morgan Hill, California that specializes in architectural millwork,...

Recent News

Going into business as an entrepreneur requires a unique skill set and frame of mind. One of these tasks is finding...

Startup founders and other entrepreneurs are familiar with the process of failing quickly enough to change a product...

Entrepreneurs sometimes find themselves at important crossroads. One of these is encountering a business opportunity...

Twitter