Small business lending increases


Loans by Portland’s Small Business Administration are increasing rapidly.

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Loans by Portland’s Small Business Administration are increasing rapidly.

oans backed by Portland’s SBA office climbed 46 percent to $308 million in fiscal 2011, which ended last Friday. Officials said the pace eclipsed pre-recession lending and topped the $300 million mark for the first time in at least seven years. The trajectory paralleled SBA lending nationwide.

But several recent reports show small businesses still struggle to grow. The nation’s small businesses added 55,000 jobs in September, according to payroll firm Intuit, a slight 0.3 percent boost over August.

Read more at OregonLive.com.

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