February 2010
Search    

A sliver of a silver lining | Focus

Focus not ratednot ratednot ratednot ratednot rated

A sliver of a silver lining

by Ambika Puniani Bailey
Be the first to comment


Although they may be difficult to find, there are faint signs the economy is beginning to rebound. One such sign is lending by the Small Business Administration (SBA).

According to SBA, the agency provided 37 percent more loans during the fourth quarter of 2009 than it did during the same period in 2008. During the fourth quarter of 2009, SBA processed 12,393 loans totaling $3.8 billion. During the fourth quarter of 2008, the agency processed 9,070 loans totaling $1.9 billion.

However, during the fourth quarter of 2007, SBA processed more than 20,000 loans. So though the news of increased lending is positive, it has yet to reach the levels seen before the recession.

SBA Spokesman Jonathan Swain told CNNMoney.com: "While there are some indicators that the economy is moving in the right direction, no one would say we are...



To read the article in its entirety, please log in or register (registration is free).

Log in or register for FREE access to this article and other Professional Roofing online content.

Not a professionalroofing.net user?

Register now for free access
  • Full access to every article
  • Online Web exclusive information
  • Photo gallery
  • Breaking news
  • Online classified ads

Already a professionalroofing.net user?

Log in now

User name:

Password:

 


Login help
Click here to have your user name and password emailed to you.




Comments (0) Login to post a comment or rating
There are no comments posted.

NRCA NRCA