Orange County businesses see increased lending

A recent article in the Orange County Register revealed business financing increased throughout the region in the last few months of 2012.The source reported lenders handed out 385 loans to Orange County businesses, thanks to a Small Business Administration (SBA) program that went into effect the last three months of the year.

The loans added up to $220 million, a huge increase over the numbers seen in 2011. This 29 percent increase was one of the highest seen in any area of the country and came as a surprise to many who expected the numbers to come in flat.

In the past several years, company leaders have held off on obtaining funding, in part due to the uncertain economy. As markets have slowly improved and business owners have taken advantage of new opportunities, lending has crept up, giving entrepreneurs more chances to invest in new products, expand and increase their operations both domestically and overseas.

As 2013 takes off, more business owners may seek SBA loans to expand their operations or obtain startup funding. These loans can be easier for some new companies to obtain, making them highly desirable for those on the lookout for expansion capital. However, these entrepreneurs must have an understanding of the requirements behind these financing options and ensure they are able to qualify for and repay the loans.

When searching for opportunities to obtain a loan, companies may want to consider not only looking into SBA loans but also working with smaller financial institutions to address their other funding and banking needs. Smaller enterprises often have a need for more customized solutions, which a small or mid-sized bank is sometimes better equipped to handle, as opposed to large banking operations.

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

Getting Started

Find your ideal banker:

Select any filter and click on Apply to see results

Featured Insights

On April 19, 2016, San Francisco became the first major U.S. city to mandate...

Financial institutions operate at the heart of our economic system and as such, are hyper-aware of market indicators...

As millennials graduate college and move into hip neighborhoods in expensive...

According to CB Insights, the gaming industry has moved through a variety of...

In this modern economy focused on lightening-fast, immediate services, it comes...

Solar energy installation in the United States hit some major milestones in 2015...

A new report from The Tauri Group has declared 2015 a...

Many experts believe that 2016 will be the end of the unicorn startup. Unicorns...

It all started back in 2000 with the objective to capitalize on the explosive growth in technology and provide a...

Managing the working capital of a business tends to be a balancing act that requires a deft touch in order for the...

Recent News

04/28/16
San Jose, CA – April 28, 2016 - Bridge Bank and Trinity Capital Investment, a...
04/01/16
SOUTH SAN FRANCISCO, Calif., April 01, 2016 -- Sunesis Pharmaceuticals, Inc. (Nasdaq...
03/23/16
View the 2015 Western Alliance Annual Report
03/22/16
Following a Record-Breaking Year of Growth, Leading Outsourcing Company Partners...
02/17/16
Durham, NC – Feb 17, 2016 – Bridge Bank today announced the recent hiring...
02/10/16
CARLSBAD, CALIF. -- February 10, 2016 -- Colorescience today announced the...
02/09/16
Los Angeles – February 9, 2016 - Bridge Bank announced today that it has provided...
02/04/16
PHOENIX (Feb. 4, 2016) – Forbes’ assessment of the 100 largest U.S. banks weighed...
01/29/16
San Diego, CA – January 28, 2016 – Bridge Bank’s Life Sciences Group (LSG) today...
11/20/15
MINNETONKA, Minn., November 17, 2015 - Zyga Technology, Inc., a medical device...

Twitter

Featured Insights

Featured Insight

Financial institutions operate at the heart of our economic system and as such, are hyper-aware of market indicators...

Featured Insight

It all started back in 2000 with the objective to capitalize on the explosive growth in technology and provide a...

Featured Insight

Managing the working capital of a business tends to be a balancing act that requires a deft touch in order for the...

Recent News

On April 19, 2016, San Francisco became the first major U.S. city to mandate...

As millennials graduate college and move into hip neighborhoods in expensive...

According to CB Insights, the gaming industry has moved through a variety of...

Twitter