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twitterGuaranteed Vegas lending volume up 25 percent
Wednesday, Oct. 30, 2002 | 11:15 a.m.
The U.S. Small Business Administration said a record 500 loans worth $124 million in SBA-guaranteed capital were made to Nevada small business owners for the fiscal year ending Sept. 30.
The SBA said its loan volume in Nevada this year jumped 25 percent from the previous year, and is up dramatically from $46 million in 1992 and $98 million in 1997.
Nevada State Development Corp., a development company specializing in SBA's loan program for the acquisition and renovation of capital assets including land and buildings, was the lead lender in total dollar volume with 70 loans worth almost $37 million.
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