SBA-504 Volume Up In California

February 11th, 2010

SBA-504 Volume Up In California

In a recent publication Coleman SBA Lender Daily, the February 11 edition noted some pretty impressive statistics about the SBA 504 program in California.

The number of SBA-504 loans approved by all certified development companies in California in January increased 11.8% compared to December ’09, according to CDC Small Business Finance, the largest CDC in the nation. Total loan units approved by all CDCs jumped from 93 in December to 104 in January. Total 504 debenture volume increased from $73.7 million to $80.7 million, December to January. Bank first trust deed volume climbed from $102.5 million to $115.6 million, respectively, a 12% jump.

For more information, please visit the Coleman SBA Lender Daily.