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Monday, November 15, 2010

Check Out... Small-business lending rises 30 percent in Indiana

By Franscesca Jarosz
IBJNews (IBJ.com)
Nov. 13, 2010

The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year - a sign that the state's small businesses have slowly started coming back to life.

Small companies are taking out more SBA loans not just to fund operating costs, but also for capital projects such as expansions. Entrepreneurs also are investing in startups, which accounted for about a quarter of the SBA loans issued in the fiscal year 2010 that ended Sept. 30.

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