The U.S. Small Business Administration supplied $6.5 billion in loans last year for New England companies, and this year is increasing the maximum size of individual borrowings from $2 million to $5 million for manufacturers, according to the agency's regional administrator.
Jeanne Hulit, who runs the SBA regional office in Hartford and is currently an acting associate administrator in the agency's Washington, D.C., headquarters, said last week during a banking conference at Foxwoods Resort Casino that the loan total supplied to New England businesses last year was a 14 percent increase from 2010. About 4,500 businesses in New England received loans last year guaranteed by the SBA, whose mission is to help smaller companies start up and expand.
To read the full, original article click on this link: The Day - SBA increasing its loan maximums for 2012 | News from southeastern Connecticut
