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

Debt can be a useful tool in building a business, as long as you don’t spread yourself too thin trying to repay the...

New York City has a thriving startup...

2015 was an interesting year for the...

What is it about one startup that...

Two hot topics California businesses will be thinking about as 2016 gets going are a minimum wage increase and a...

Small Business Administration (SBA) loans can be a great resource for businesses that are struggling to obtain...

Startup valuations can sometimes...

Recent News

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...
10/29/15
Reston, VA – October 29, 2015 – Bridge Bank today announced the recent hiring of...
Heatspring Magazine, Gabrielle Rossetti
10/28/15
Heatspring Magazine, October 19, 2015 - Christopher Lord, Managing Director of...
10/21/15
Atlanta – October 21, 2015 – Bridge Bank today announced the recent hiring of two...
09/23/15
Robert Lake Joins Bridge Bank to Lead Life Sciences Growth Initiative SAN JOSE, CA...
09/14/15
The dollar gave back last week's gains vs. the Euro and then some as the focus...
09/09/15
Leading Technology Lender Focuses New Practice on Services for Venture Capital and...
08/21/15
Last week’s devaluation of the Chinese Renminbi has continued to keep the foreign...
07/28/15
The Euro opened the week stronger within an overall risk-off context climbing from...

Twitter

Featured Insights

Featured Insight

Debt can be a useful tool in building a business, as long as you don’t spread yourself too thin trying to repay the...

Featured Insight

Two hot topics California businesses will be thinking about as 2016 gets going are a minimum wage increase and a...

Featured Insight

Small Business Administration (SBA) loans can be a great resource for businesses that are struggling to obtain...

Recent News

New York City has a thriving startup...

2015 was an interesting year for the...

Twitter