The Bay Area saw another record fiscal year for SBA loans in 2013, according to the North Bay Business Journal. The administration guaranteed $865 million in loans in the Bay Area, representing an increase of 7 percent from fiscal year 2012. The most popu

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Annual loan amounts have increased 50 percent in the Bay Area as a whole and 145 percent in the North Bay - Sonoma, Marin and Napa counties - since 2010, according to the SBA.

"In general, the San Francisco district has set an all-time record," Mark Quinn, director of the Bay Area district of the SBA, told the North Bay Business Journal. "The North Bay has been fairly constant."

The activity in the Bay Area mirrors trends nationwide. The SBA guaranteed $23 billion in loans in the fiscal year 2013, which represents the highest volume aside from last year, when stimulus provisions were still in tact.

News Source : The Bay Area saw another record fiscal year for SBA loans in 2013, according to the North Bay Business Journal. The administration guaranteed $865 million in loans in the Bay Area, representing an increase of 7 percent from fiscal year 2012. The most popular loans were 7(a) and 504 SBA loans. According to the news source, this trend challenges the perception that the expiration of stimulus programs at the SBA would cause loan volume to decrease.

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