Decline Comes Despite Increased Number Of Loans
Loan data from the first six months of fiscal year 2014 shows that the Small Business Administration backed $352.3 million in loans in the 72 counties served by SBA’s Dallas-Fort Worth office. That’s down from $416.5 million in the first six months of 2013. That decline comes despite an increase in the number of loans from 720 to 723 in the comparable periods. Herb Austin, head of the SBA’s Dallas-Fort Worth office, says that the demand for loans is growing, and the SBA ended fees for loans of $150,000 or less to start-ups. As a result, the number of loans is steady, even if they are for less money.
Further Reading:The Dallas Business Journal reports the data and the comments.
Learn more about NFIB in Texas.