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Small Business Administration Finances

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BUSINESS
April 14, 1995 | DON LEE, TIMES STAFF WRITER
The Small Business Administration's popular loan program, a critical source of financing for companies during Southern California's credit crunch, has been extending loan guarantees at such a sizzling pace that it is expected to run out of money, most likely by early summer. SBA loan approvals nationwide surged 30% in the first half of its fiscal year, despite the agency's effort to reduce small business lending by lowering its limit per loan to $500,000.
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BUSINESS
April 14, 1995 | DON LEE, TIMES STAFF WRITER
The Small Business Administration's popular loan program, a critical source of financing for companies during Southern California's credit crunch, has been extending loan guarantees at such a sizzling pace that it is expected to run out of money, most likely by early summer. SBA loan approvals nationwide surged 30% in the first half of its fiscal year, despite the agency's effort to reduce small business lending by lowering its limit per loan to $500,000.
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NEWS
November 12, 1992 | ROBIN BERGER, SPECIAL TO THE TIMES
A Northern California nonprofit firm that packages government and private loans for small-business expansions opened an office in Glendale last week, targeting the Glendale and San Gabriel Valley areas for economic development assistance that could lead to new jobs. The California Statewide Certified Development Corp. of Davis expects to distribute $40 million in commercial and industrial real estate financing to eligible companies, said Barbara Vohryzek, executive director.
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