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

Uber Technologies Inc. continued to make its case that self-driving cars are the...

2017 could be the year several forms of technology disrupt operations across all...

The digital payments sector has ushered in a competitive market as services try...

Every startup wants to achieve unicorn status and draw the interest of investors...

Snap Inc. has filed for a $25 billion initial public offering

According to...

Charlotte, North Carolina, is making a name for itself as a destination for...

According to the San Francisco Chronicle, the app-based delivery service,...

Uber and Lyft are the two dominant ride-sharing platforms in the U.S., but a new...

Technology has played an ever-increasing role in U.S. elections. Candidates have...

Networking is a necessary element for any startup seeking financing. And while...

Recent News

12/08/16
Tech lender announces plans for expansion in Raleigh-Durham after news of recent new...
10/06/16
Our Boston-based client Everbridge, a global software company that provides critical...
09/29/16
Our New Jersey-based client Tabula Rasa HealthCare Inc. (TRHC), a healthcare tech...
09/14/16
This week, our client Sensity Systems, the established industry leader in Light...
09/07/16
SAN JOSE, CA – September 7, 2016 – Bridge Bank today announced the hiring of Michael...
08/23/16
SAN FRANCISCO, CA – August 23, 2016 – Bridge Bank today announced the hiring of...
08/10/16
Atlanta-based software company selects Bridge Bank for its technology industry...
08/08/16
MENLO PARK, Calif. - August 8, 2016 - Bridge Bank’s Equity Fund Resources Group (EFR...
08/02/16
San Jose, CA — August 3, 2016 — Bridge Bank today announced the hiring of Victor Le...
07/25/16
Durham, NC -- July 25, 2016 -- Bridge Bank’s Life Sciences Group (LSG) today...

Twitter

Featured Insights

Featured Insight

Business leaders need to understand their exposure to foreign exchange (FX) volatility and the risk it presents to...

Featured Insight

Success in the world of biotechnology and life sciences requires a level of patience that is foreign to most types...

Featured Insight

Valuations in the venture capital (VC) market are either in decline or flattening out, primarily due to inflated...

Recent News

Uber Technologies Inc. continued to make its case that self-driving cars are the...

2017 could be the year several forms of technology disrupt operations across all...

The digital payments sector has ushered in a competitive market as services try...

Twitter

  • South meet West! We’re excited to announce our newest location in North Carolina: https://t.co/uRqJkcVmUI 1 day 4 hours ago
  • Bridge Bank expands with new clients, new teams, and a new office! https://t.co/uRqJkcVmUI 2 days 1 hour ago
  • To attract more investors, avoid these common mistakes: https://t.co/pCZaHymSxW 5 days 1 hour ago