Small Firm Lending Accelerated in 2007


The number of outstanding small business loans between $100,000 and $1 million increased by almost 32% between June 2006 and June 2007, according to the Office of Advocacy of the Small Business Administration.

The study, Small Business and Micro Business Lending in the United States for Data Years 2006–2007, found that the total number of small business loans (including those under $100,000) increased by 15% while the total dollar value of loans increased by about 8%.

All of these were higher rates of growth than over the June 2005 to June 2006 period.

Source:Office of Advocacy, SBA, www.sba.gov/advo/research/sbl_07study.pdf.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.