Government Shutdown Slows SBA Loan Volume, Barely Affects Approval

Although the U.S. Small Business Administration was closed for most of January because of the government shutdown, the percentage of SBA loan approvals dropped by just one percent in January at regional and community banks, according to Biz2Credit Small Business Lending Index.

M&T Bank Ranked Fifth Nationally in Small Business Lending

M&T Bank has grown to become America’s fifth-largest issuer of U.S. Small Business Administration 7(a) loans, based on recently released SBA data.

Small Businesses Leading Nation’s Economic Recovery

The economic environment is turning around for America’s small businesses despite some lingering challenges from the recession, according to a new report by the U.S. Small Business Administration (SBA) Office of Advocacy.