SBA-guaranteed lending was significantly higher in the last quarter of 2009 when compared to the last quarter of 2008. As reported by the L.A. Times:
“A total of $3.8 billion in 12,393 SBA-backed loans was distributed throughout the U.S. from Oct. 1 to Dec. 31 of last year, up from $1.9 billion by way of 9,070 loans a year earlier…”
This could mean good things for startup companies seeking capitalization assistance in 2010; or it could mean nothing more than that the last quarter of 2008 was catastrophically bad across any number of metrics, including small business lending. So, it could mean something, or nothing. Not particularly helpful, I’m afraid.
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