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Tip Aug 2013 - "For Many Small Business Owners, the Time is Right to Get a Loan"

Tip Aug 2013 - "For Many Small Business Owners, the Time is Right to Get a Loan"

Tip Aug 2013 - "For Many Small Business Owners, the Time is Right to Get a Loan"

Excerpt


Tip: Creating a Disaster Plan for Your Business



According to data released in July by the Small Business Administration’s Office of Advocacy, small-business lending activity is on the increase. The number of loans is on an upswing, but the size of the amounts loaned is smaller. The agency’s yearly review showed that the total number of loans increased from 21.3 million in June 2011 to 23.5 million in June 2012. Because statistics are only available for the size of the loan and not the size of the business, small-business loans are defined as loans under $1 million in the SBA report.


 


 


 



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