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Illinois Small Business Loans Plunge

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First Posted: 10- 2-08 07:57 PM   |   Updated: 11- 2-08 05:12 AM

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Read More: Credit Crisis, Illinois Businesses, Illinois Small Businesses, Judith Roussel, Sba, Small Business, Small Business Administration, Small Business Loans, Small Business Loans Drop, Chicago News
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For the first time in five years, the number of Small Business Administration loans approved in Illinois has dropped.

Basic loans to small businesses for things like working capital are down over 33 percent from last year. The actual dollar amount of those loans is down about 7 percent.

ROUSSEL: It's fair to say we are concerned.

Judith Roussel is the Illinois District Director for the SBA. The federal agency guarantees the loans, but doesn't approve the loans, that's up to banks.


Read the entire article here.

For the first time in five years, the number of Small Business Administration loans approved in Illinois has dropped. Basic loans to small businesses for things like working capital are down over 33 ...
For the first time in five years, the number of Small Business Administration loans approved in Illinois has dropped. Basic loans to small businesses for things like working capital are down over 33 ...
Filed by Seth Maxon
 
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