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