SBA boosts loans in South Florida in fiscal 2013

 

icordle@MiamiHerald.com

The U.S. Small Business Administration said Tuesday that its South Florida District made 1,723 loans totaling more than $900 million in fiscal 2013. That was 5 percent more in terms of loans approved, and 15 percent more funds made available to small business owners to start and expand their businesses and create jobs, said the SBA, adding that 8400 jobs were created by the lending activity.

The top SBA lenders in South Florida included Wells Fargo Bank, SunTrust, Paradise Bank, BankUnited, USAAmeribank, C1 Bank, Chase, Live Oak Banking Co., Citibank and TD Bank.

Overall, the SBA said it made $29 billion in loans nationwide in fiscal 2013, slighlty less than theh $30 billion it made in the previous two years.

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