U.S. Markets close in 5 hrs 20 mins

SBA loans top $242M, new record for western PA

Patty Tascarella
American City Business Journals
SBA loans top $242M, new record for western PA

Dollar volume soared to a new record in the 27-county western Pennsylvania region as the U.S. Small Business Administration’s Pittsburgh district office released data for the 2018 fiscal year, which ended on Sept. 30. The SBA did not include micro loans in the totals, but said there were 44, adding up to a combined $1.3 billion. “We’re really pleased with the money getting out there to the people and businesses that need it the most,” said Kelly Hunt, Pittsburgh district director.