Business
Number of SBA loans down 30% in 2008
The number of government-backed loans for small businesses fell by 30% in 2008 as owners struggled with tighter credit and a shaky economy, US Small Business Administration reported. The total value of loans fell 13% to $17.96 bln, while average loan size rose by $41,000 to $183,000.
The number of government-backed loans for small businesses fell by 30% in 2008 as owners struggled with tighter credit and a shaky economy, US Small Business Administration reported. The total value of loans fell 13% to $17.96 bln, while average loan size rose by $41,000 to $183,000.