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

Penguin Computing is an open data center and high performance computing company that delivers processing and data...

Most people don’t think about the tools used to assemble a child’s car-seat or an airplane wing. Yet those tools are...

Aurionpro is a world-class technology company that has successfully grown its business by focusing on the...

Perpetual Energy Systems develops and finances small- and utility-scale renewable energy projects for commercial,...

Fiksu, a Boston-based mobile ad tech company, enables leading brands like Coca-Cola, Burger King, Dunkin' Donuts,...

Big Belly is the world leader in smart waste and recycling solutions, helping cities, towns, park systems,...

Commercial credit card programs can help companies segregate business transactions from personal transactions as...

After the financial crisis of 2008, risk management became a top priority for most businesses. MetricStream, a...

An Employee Stock Ownership Plan (ESOP) can be an effective way to create liquidity as well as serve as a means to...

Self-confidence is a valuable trait for any CEO, but it should be blended with a willingness to accept help when it’...

Recent News

ABL Advisor
02/03/15
Privately held technology firm Zeeto announced that it has secured a $3 million...
02/02/15
San Jose, CA – February 2, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
01/28/15
San Jose, CA – January 28, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
01/27/15
Record Annual Earnings of $17.6 Million, Strong Loan Growth, Excellent Credit...
01/27/15
San Jose, CA – January 27, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
01/07/15
San Jose, CA – January 7, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
01/07/15
MIAMI & RESTON, VA. - January 07, 2015 - The Florida Venture Forum, a statewide...
12/16/14
San Jose, CA – December 16, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
12/16/14
San Jose, CA – December 16, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
12/04/14
San Jose, CA –December 4, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...

Twitter

Featured Insights

Featured Insight

Penguin Computing is an open data center and high performance computing company that delivers processing and data...

Featured Insight

Most people don’t think about the tools used to assemble a child’s car-seat or an airplane wing. Yet those tools are...

Featured Insight

Aurionpro is a world-class technology company that has successfully grown its business by focusing on the...

Recent News

Banks are increasing commercial real estate (CRE) loans at a rate...

A new bill signed into law on Sept. 19,...

Twitter