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Milwaukee Small Biz Loans Quadruple
Posted on March 5th, 2010 No commentsLoans made through the U.S. Small Business Administration quadrupled in the Milwaukee area in February compared with February 2009 as the improving economy and stimulus measures continue to encourage SBA lending. Read more in the Business Journal.
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Column: Help Small Biz, Banks By Helping SBA
Posted on February 19th, 2010 No comments“We should offer smaller banks the additional capital they need to expand their small business lending,” writes Karen Mills, administrator of the Small Business Administration, in a Green Bay Press-Gazette guest column, detailing ways that SBA programs could stimulate the economy.
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SBA Loan Values Up 145% in SE Wis.
Posted on February 8th, 2010 No commentsThe value of SBA-backed loans increased 145 percent, to $13.14 million in January 2010 from $5.36 million in January 2009 in Kenosha, Milwaukee, Ozaukee, Racine, Washington and Waukesha counties. The number of loans made increased to 53 from 43, a 23 percent increase, the Business Journal of Milwaukee reported.
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Wisconsin SBA Lending Doubles Year to Year
Posted on January 8th, 2010 No commentsThe U.S. Small Business Administration guaranteed $46 million worth of loans in Wisconsin in December 2009, up from $21 million in December 2008, the Milwaukee Journal Sentinel reported. The largest lender was the Wisconsin Business Development Finance Corp. at $7.1 million. Green Bay’s Associated Bank wrote the most loans last month, with 19 totaling $2.1 million. Read more in the Milwaukee Journal Sentinel.
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Wisconsin Farmers Turning to SBA for Help
Posted on December 26th, 2009 No commentsStrapped for credit, farmers are turning to the Small Business Administration and other government lenders for help. In fact, Wisconsin leads the nation in the number of farmers seeking help from America’s Recovery Capital Loans, a temporary program offered through next September or until the money runs out. Read more in the Milwaukee Journal Sentinel.
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Wisconsin SBA Gets Additional Funds
Posted on December 23rd, 2009 No commentsPresident Barack Obama has signed a bill to help provide additional funding to the SBA that will support $4.5 billion in small business lending, according to SBA’s Wisconsin District Office. New approvals of the stimulus loans, which offer higher guarantees and reduced fees, were expected to begin Dec. 28, the Milwaukee Business Journal reported.
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Wis. SBA Lending Up Significantly Year to Year
Posted on December 8th, 2009 No commentsSoutheastern Wisconsin financial institutions approved 70 SBA-backed loans in southeast Wisconsin this November for a total of $21.3 million in loans. Compare that to November 2008, when those institutions made 29 loans worth $6.7 million, the Business Journal of Milwaukee reported.
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Associated is States Top SBA Lender
Posted on November 21st, 2009 No commentsAssociated Bank was named the No. 1 Small Business Administration lender in Wisconsin for 2009, the banks fifth consecutive year at the top and the 10th time in 12 years. Nationally Associated ranked 13th, up from 23rd in 2009, according to the Green Bay Press-Gazette.
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River Valley Bank a Top SBA Lender
Posted on November 17th, 2009 No commentsRiver Valley Bank of Wausau lent $13 million in Small Business Administration-backed loans over the past year, ranking it in the top 5 percent of banks nationwide, the Wausau Daily Herald reported.
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SBA Lending on the Rebound
Posted on October 2nd, 2009 No commentsSince the American Recovery and Reinvestment Act was signed, changes to U.S. Small Business Administration loan programs have given small business greater access to capital: more than $11.3 billion in SBA lending nationally since February, the Milwaukee Small Business Times reported.