SBA-Backed Lending Set a Record in 2011 - NYTimes
In all, by the end of the S.B.A.'s fiscal year, on September 30th, gross loan approvals reached $19.6 billion in the agency's general business, or 7(a), loan program and $4.8 billion in capital investment loans issued in what's known as the 504 program. In just the first quarter of the year (the last three months of calendar year 2010), the agency approved $9 billion in 7(a) loans, nearly as much as it had approved in all of 2009. Gross loan approvals, which reflects totals before canceled loans are subtracted, is how the agency commonly reports its lending statistics. . . . keep reading about Small Business Lending
In all, by the end of the S.B.A.'s fiscal year, on September 30th, gross loan approvals reached $19.6 billion in the agency's general business, or 7(a), loan program and $4.8 billion in capital investment loans issued in what's known as the 504 program. In just the first quarter of the year (the last three months of calendar year 2010), the agency approved $9 billion in 7(a) loans, nearly as much as it had approved in all of 2009. Gross loan approvals, which reflects totals before canceled loans are subtracted, is how the agency commonly reports its lending statistics. . . . keep reading about Small Business Lending
At Commercial Capital, we are busier than we ever have been and, since most of our loans are to small businesses. Many of the CDC’s are also having very good years (CDC’s are companies that administer the seconds on SBA 504 loans). If the SBA is busy, then again, small businesses are working. There is almost a mini-boom happening in franchising right now. It seems like every franchise out there is very busy, which again, means new businesses are starting. This means jobs are being created. I am seeing another big trend-a lot of boomers are quitting corporate America
We are Direct Lenders for SBA 504 loans in certain markets and offer several types of Securities Loans. If you are a small business owner or looking to leverage your investment portfolio in a business opportunity Commercial Capital can help you find the financing you need. We work with over 150 different lending sources that are lending and will evaluate your loan scenario in a prompt professional manner. We will underwrite and process Small Business Administration Loans:
The provisions of the Equal Credit Opportunity Act shall apply to all applicants for loans submitted under these government guaranteed loan programs. There shall be no discrimination on the basis of race, color, religion, age, sex, marital status, handicap or national origin. It is our goal to facilitate a quick funding on all SBA loan requests. Additionally, we offer the following advantages:- Competitive rates and terms
- Purchase or refinance of commercial real-estate, with cash out permitted
- SBA-guaranteed fee can be financed in most cases
We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT. WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.
Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325
Commercial Lending Pros
Commercial Capital Limited
Commercial Capital Limited
Tel: 863-299-2929
Email: loans@commerciallendingpros.com
Email: loans@commerciallendingpros.com
1 comment:
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