Wisconsin Banking Update
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SBA Lending Down 29 Percent from ’09
Posted on September 14th, 2010 No commentsThe SBA approved $9.1 million in loans in Kenosha, Milwaukee, Ozaukee, Racine, Washington and Waukesha counties in August 2010, down 29 percent from the $12.7 million approved in August 2009. In late spring, the SBA ran out of money for a popular stimulus program that eliminated some loan fees and increased guarantees from 75 percent to 90 percent for most SBA loans, the Business Journal of Milwaukee noted.
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