Small Businesses Receive $30.2 Billion in SBA Backed Loans in Fiscal 2012

The Small Business Administration guaranteed $30.2 billion in small business loans this year thanks to incentives such as lower fees and higher government backing.  This marks the 2nd largest SBA loan amount.  In 2011 the agency backed $30.5 billion in lending to small businesses across the country.  This is a good sign that small businesses and lending institutions are gaining more confidence in the countries current and future economy.

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