A spike in small business lending helped boost employment in the First State.A new report shows the record-breaking number of U-S Small Business Administration backed loans in Delaware for 2012 helped create or retain more than 1700 jobs.
The agency guaranteed $57.7 million in loans for fiscal year 2012, up significantly from the $33 million it backed the previous year.
The loans are from private lenders, but are backed by the government agency.
Click below for the full story from WDDE, Delaware’s public radio station.
via SBA loans in Delaware rise sharply | WDDE 91.1 FM | Delawares NPR News station.
