SBA Lending Fewer Dollars To Dallas Businesses

Date: April 30, 2014 Last Edit: September 07, 2016

Related Content: News Money Loans Texas

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.

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