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Las Vegas, NV – The U.S. Small Business Administration is seeing signs of improved small business lending.

Nationally, loan volume has increased more than 25 percent compared to the weeks just prior to passage of the American Recovery and Reinvestment Act on February 17. As of May 29, SBA had approved $3.15 billion in Recovery loans, and supported nearly $4.3 billion in lending to small businesses. Also, from February 17 to May 15, 423 lenders that had not made a loan since October 2008 made 7(a) working capital loans. Of those, 188 had not made a loan since at least 2007.

SBA Administrator Karen Mills says, “At SBA, we are using all the tools in our toolbox to help small businesses lead our nation’s economic recovery,” she said. “Small businesses are getting the dollars they need, not only to keep the doors open and employees working, but also to grow and create jobs.”

Read the full story at businesswire.com.

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