Category: Business finance loans

Small Business Loans Promote Economic Growth

Restaurant loans

Did you know that, according to the Small Business Association (SBA), small businesses created 65% of new jobs over the last 17 years, and 50% of American employees work for small companies? The economy is not doing well, and small businesses are working to change that. As such, supporting small businesses may very well mean supporting the U.S. economy. Why are small business loans becoming increasingly popular, and how can companies choose from traditional and alternative lenders?

Why is Small Business Lending Popular?

The Portland division of the SBA promised $457 million in small business loans, including new business loans and working capital loans, according to the Portland Business Journal, and just two years ago, 800,000 small businesses funded company operations and expens

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