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SBA reports more small business loans, lower dollar amounts

from Corpus Christi Caller-Times

Small Business Administration figures show the Lower Rio Grande Valley District — a 14-county area stretching from the Coastal Bend to the Rio Grande Valley in Texas — is 1 of 5 of the more than 60 districts in the country that logged a year-over-year increase in the number of loans approved through the agency's programs. Though banks lent less money under SBA programs from year to year, the increased number of loans signals more availability of credit for small businesses, said Sylvia Zamponi, SBA Lower Rio Grande Valley District director. more

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