2007: The Year of Small Business Firm Lending

According to a recent article in the Washington Business Journal, there was an 8 percent increase from 2006 to 2007 in the dollar volume of small business loans.

Citing a report conducted by the Small Business Administration Office of Advocacy, the article also announced that the number of outstanding small business loans under $1 million increased by 15 percent between June 2006-June 2007.  In addition, the number of small business loans in the $100,000 to $1 million range increased by 32 percent!

Click here to read the entire write up: Lending to Small Firms up in 2007.