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

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.