SBA Loans Pump Cash into Economy
The Small Business Administration’s Lower Rio Grande Valley District saw an increase in the amount of money loaned to businesses in fiscal year 2017, even though there was a slight decrease in the number of loans approved. The LRGV district guaranteed 191 loans in the 7(a) and 504 loan programs. These programs combined provided more than $71 million to small businesses that created 633 jobs and retained 984. The loans…