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Tag: Small Business Administration

SBA loans, economic bellwether, drop

Federal small-business lending in Connecticut is nearly 40 percent off last year’s record-setting pace, signaling both confidence in a strong economy and qualms about new loan-approval processes following a federal consolidation.

SBA refines the art of dodging bullets

Orange, Rockland and Westchester counties were declared disaster areas shortly after the April 15 nor’easter.

Finding funding

With commercial loan demand slackening, companies increasingly are saying “put it on plastic” at the vendor checkout line.

Thinking small

Provident Bank made 626 loans to small businesses totaling $75 million in 2004, making it the most aggressive lender to such companies among locally based banks.