Many indicators and experts alike are stating we may have hit the bottom. There has been a significant increase in SBA loan volume over the past month according to a survey by Terrey and Associates giving significant hope to the small business community.
Our own firm saw double the volume in funding requests during the month of March and the mindset of our clients is increasingly positive. The recent confirmation of Karen Mills as SBA Administrator along with the continuing efforts of the Obama Administration leads us to believe small business owners will once again flock to the SBA in search of funds.
The difference now as opposed to recent months is more loans are being approved and fees are being waived, two key factors for small business owners across the country.
About The Author: Jonathan Smith is a financing/loan broker, consultant who assists with larger loan amounts ($500K to $5M) - SBA loans, conventional financing, and private lenders for business purchase financing. We works with business buyers, owner/sellers, business brokers, and agents. For assistance with business purchase financing options phone him direct at 888-859-9838.
Watch for more blog posts / articles from me in the future!
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