SBA

Small biz lending starting to thawRestricted Content

April 5, 2014
Dan Human
More small businesses in Indiana are securing loans as owners learn to present their companies better and banks warm to small-business lending after years of hesitation.
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Microlenders aim to help businesses grow, survive

January 5, 2013
Andrea Muirragui Davis
Indiana has three certified, not-for-profit SBA microloan intermediaries, which not only make short-term microloans—as any lender can—but also use the SBA grants they receive to offer business coaching along with the financing.
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Indiana SBA lending drops in 2012, but still exceeds 2010Restricted Content

December 8, 2012
Indiana businesses borrowed $424.7 million through U.S. Small Business Administration programs in 2012, an 18-percent decline from 2011, latest SBA statistics show.
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SBA lenders optimistic about year's loan outputRestricted Content

March 10, 2012
Scott Olson
Volume nevertheless is expected to fall short of last year's record numbers
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Small Business Administration announces top state lenderRestricted Content

July 16, 2011
 IBJ Staff
The Indiana Statewide Certified Development Corp. has been recognized as the most robust lender through the SBA's 504 loan program.
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Small-business lending rises 30 percent in Indiana

November 13, 2010
Francesca Jarosz
The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year, a sign that the state’s small businesses—including Pat Wolfred’s CCA Inc.—have started coming back to life.
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Indianapolis native Marie Johns named SBA deputy administrator

July 24, 2010
 IBJ Staff
The U.S. Senate recently confirmed her appointment to the No. 2 job.
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Small-biz lending on the rise

April 1, 2010
Scott Olson
Federal loan programs that help fund company expansions are seeing more activity from program administrators in Indianapolis.
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Obama's stimulus aims to boost access to small-biz loans

February 20, 2010
Peter Schnitzler
No incentive can make a bad deal bankable. But President Obama's stimulus measures are spurring some promising small businesses to begin borrowing again, despite the recession.
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SBA loan approvals - November 2009

December 26, 2009
SBA loan approvals above $100,000 for the Indianapolis area for November 2009
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Local SBA lending dropped 17 percent in 2009

November 20, 2009
Mason King
Local loans issued through the Small Business Administration's popular 7(a) guarantee program plunged by an astonishing 64 percent for three of the city's four largest banks during 2009, while overall lending in the program slipped 17 percent in the metro area.
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SBA loan approvals for Indianapolis - September 2009Restricted Content

October 24, 2009
 IBJ Staff
Small Business Administration loan guarantees for the month of September 2009 for Indianapolis area
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Local lenders support small-biz loan initiative

October 22, 2009
Scott Olson
Small business lenders in Indianapolis are supporting a proposal announced by President Obama Wednesday that would increase the size of government-backed loans.
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SBA loan approvalsRestricted Content

September 26, 2009
 IBJ Staff
SBA loan guarantees for the Indianapolis area for August 2009.
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WOJTOWICZ: Stimulus is expanding small-biz lendingRestricted Content

July 27, 2009
Jean Wojtowicz
The economic stimulus package allocated $375 million to the U.S. Small Business Administration so it could offer more generous terms to small-business borrowers.
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Federal stimulus trickles downRestricted Content

April 27, 2009
Peter Schnitzler
There's a smorgasbord available for small businesses in the federal stimulus package. The trick is figuring out how to get a plate. Plenty of local experts are serving up access to the buffet. And some entrepreneurs are digging in. But others consider the stimulus warmed-over leftovers.
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SBA loan approvalsRestricted Content

January 26, 2009
These businesses have received loans from financial institutions with a guarantee from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled.
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  1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

  2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

  3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

  4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

  5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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