I’m not sure whether it is a good thing or a bad that the U.S. Small Business Administration record for a federal loan program in the fiscal year ending September 30.
A small company of loans to a total of $ 61,689 30.5 billion – up 22.6 billion in loans and 60,771 the previous year.
It’s good that so many small businesses can tap new credit. But keep in mind that the switch to the SBA program generally means their businesses are not sufficiently creditworthy to obtain conventional bank loans.
SBA does not make loans directly, but it guarantees loans made by banks that are approved and other lenders. Last week, the commercial banking business JPMorgan Chase
However Wells Fargo ,