Interesting Facts from SBA Lending Study

From 2000 to 2008, the National Association of Government Guaranteed Lenders (NAGGL) reports that lenders made 566,437 SBA loans to small businesses, totaling almost $116 billion. Full service and limited service restaurants received the largest portion of loans, garnering 5.1 and 3.8 percent of the borrowings, respectively. The average size of the SBA loans was just over $204,000. However, loan size varied greatly across industries. Blood and organ banks, for instance, borrowed an average of just less than $23,000, as compared with hotels, which had an average loan size of over $860,000. On average, the failure rate of the loans was just shy of 12 percent. However 82 industries had no loan failures between 2000 and 2008. At the other end of the spectrum, all five loans to motor home manufacturers failed. Similar variation was present in industries with a more sizable number of loans. Several industries with more than 50 SBA loans had no loan failures between 2000 and 2008, yet shellfish fishing, which had 243 loans over the period, saw 75.7 percent of them fail. The pattern was … Continue reading

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VIDEO: Cofolio Pitch Presentation at Rice Alliance IT & Web Venture Forum

Cofolio elevator pitch presented by Sam Mar. from The Businessmakers. Bookmark on Delicious Recommend on Facebook Share on Linkedin Share with Stumblers Tweet about it Subscribe to the comments on this post Print for later

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