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Lending topped $57.9 million in 7(a) business up 6 percent over last year, for the fiscal year ended 30. “Our banks continue to work with small businesses andwe haven’t seen a slowdown of lendingf in our territory,” said Andrewe Poepoe, SBA district director, in a “My thanks go out to all the participatinyg lenders for their commitment to small businesses. We hope to see this importany support continue into 2009 to help us througb the economicchallenges we’re facing.” The was named the loca 2008 SBA lender of the year for the sixtu year in a row, with a tota l of 87 loans. provided $5.9 million in loanws to 65 smallbusiness borrowers.
made 78 SBA up from 42 last year. approvede 53 loans, more than double their numbe r of SBA loanslast year. the SBA saw declines from the recorrd highs offiscal 2007. The numbefr of loans approved was down29 percent, from 110,27t5 to 78,317.
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