No incentive can make a bad deal bankable. But President Obama’s stimulus measures are spurring some promising small businesses
to begin borrowing again, despite the recession.
SBA loan approvals above $100,000 for the Indianapolis area for November 2009
SBA loan approvals for the Indianapolis area for October 2009.
Local loans issued through the Small Business Administration’s popular 7(a) guarantee program plunged by an astonishing 64
percent for three of the city’s four largest banks during 2009, while overall lending in the program slipped 17 percent in
the metro area.
Small Business Administration loan guarantees for the month of September 2009 for Indianapolis area
SBA loan guarantees for the month of June. These businesses have received loans from financial institutions with a guarantee
from the SBA. Not all funds are disbursed immediately, and some approved loans are subsequently canceled.
