This is a clip from the SBA’s online newsletter.  One of the best ways to access SBA funding is through SCORE, the volunteer mentoring arm of the SBA.  Reeve Conover is a volunteer mentor with SCORE.

 

SBA-backed lending in the new fiscal year continues to rebound.  FY 2012 was SBA’s
second biggest loan volume year ever, in dollar terms, second only to
FY 2011, which got a huge boost in the first quarter from the Small
Business Jobs Act of 2010. Loan approvals for FY 2012 for 7(a) and 504
combined reached $21.8 billion ($30.25 billion “supported”), compared
with $24.48 billion in approvals for FY2011 (or $30.5 billion
supported).

• Lending so far in the new fiscal year is on par with the averages for the first two quarters of FY 2012.

• Overall, the pace of SBA loan-making is a healthy sign for the economy and the
credit markets and is one of the foundations for ensuring the
availability of financing to small businesses trying to establish
themselves, grow and create new jobs for Americans.

For two years in a row the U.S. Small Business Administration has helped to
put more than $30 billion into the hands of small business owners
across the country.  In fiscal year 2012 (October 1, 2011
through September 30, 2012), The pace of SBA loan-making is a healthy
sign for the national economy and the credit markets and is one of the
foundations for ensuring the availability of financing to small
businesses trying to establish themselves, grow and create new jobs for
Americans.