SBA’s Dallas/Fort Worth District reaches second highest lending year in FY 2013
he U.S Small Business Administration (SBA) Dallas/Fort Worth District office announced fiscal 2013 lending in the district’s 72 counties is up 32% over the previous year putting more than $813 million in the hands of 1,522 entrepreneurs and small business owners to start or expand their business. SBA’s Dallas/Fort Worth Distric
“This success reflects the hard work of the SBA DFW Team and resource partners, as well as the strong commitment of our lenders to provide access to capital to our small businesses,” said Regional Administrator Yolanda Garcia Olivarez.
Herbert Austin, DFW District director, said lending in fiscal 2013, which ended Sept. 30, records the second highest year of SBA lending in the area, surpassed only by the district’s record year of supporting $882.6 million in fiscal 2011 when temporary loan incentives under the Small Business Jobs Act increased lending activity.
In fiscal 2012, SBA loans amounts totaled $617.7 million with 1,448 loans. The district’s top SBA lender was Wells Fargo for lending $53.7 million in 130 loans. SBA’s Dallas/Fort Worth District reaches second highest lending year in FY 2013
“These achievements are testimony to the undivided commitment of our lending community such as the North Texas Association of Government Guaranteed Lenders and the Small Business Development Centers and SCORE chapters to provide the resources that help small businesses grow and succeed” said Austin. SBA’s Dallas/Fort Worth District reaches second highest lending year in FY 2013
The SBA has started waiving fees that borrowers pay on loans of $150,000 and less, which began on October 1st of this year. “This will help meet our goal of $1 billion in loans and bring the number of loan units up for this district in FY 2014” said Austin.
The DFW district has over 900,000 small businesses across 72 counties. SBA’s Dallas/Fort Worth District reaches second highest lending year in FY 2013