SBA loans increase in Oregon district

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Associated Press

Posted on March 24, 2013 at 5:03 PM

SALEM, Ore. (AP) — The U.S. Small Business Administration says Oregon small businesses received a record number of taxpayer-guaranteed loans last year.

The agency in 2012 guaranteed $428 million in loans in its Portland District, which includes all of Oregon plus part of southwest Washington.

The agency guaranteed $391 million in 2011.

The Statesman Journal (http://stjr.nl/YykgIO) reports that the size of loans is also increasing, following an October 2010 change in loan limits. The previous limit was $2 million and that was increased to $5 million.

Over the next two years, 26 of the larger loans were made in Oregon.

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Information from: Statesman Journal, http://www.statesmanjournal.com

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