financial services

SBA says 2012 ‘banner year’

Posted 11/20/12

BOSTON – The U.S. Small Business Administration proclaimed that its fiscal 2012, which ran from Oct. 1, 2011 through Sept. 30, was a “banner year” for the agency.

The group provided $1.4 billion in loans to New England small businesses, backing 4,119 loans in the six New England states.

According to the SBA, the Certified Development Company/504 Loan Program outshined all expectations this past year with 636 projects totaling $869 million in loans supported. The temporary refinancing provision which expired in September, was partially responsible for the record year.

In addition, the SBA booked 180 microloans totaling $4.5 million through its intermediaries located throughout New England.

The SBA also guaranteed 3,314 loans through its flagship 7(a) Loan Guaranty Program for a total of $557 million.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News