Banking & Finance  January 14, 2011

SBA loans: Possibly the coolest kids in town?

Maybe some bankers think that Small Business Administration loans are just for risky businesses, the ones that can’t get a conventional loan. But others have welcomed the SBA programs, especially with their new modifications, like they’re the coolest kids in town. And by the end of fiscal year 2010, that attitude has paid off for some local lenders.

Nationwide, the SBA supported $12 billion in lending in 2010, according to Judy Witthohn, SBA deputy district director of the Colorado district office. With 15 loans totaling over $4.6 million, Home State Bank is the top SBA lender in…

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