Issue link: http://www.insightdigital.biz/i/96377
insight on Banking By Mar yB eth Mat zek Ready and willing SBA loans play key role in business funding I f you're in the right industry and have a solid business plan in place, finding financing to cover expansion plans is a bit easier than it was a couple of years ago. Experts with financial institutions throughout the New North say more small- and medium-sized businesses are having success when it comes to securing loans through the Small Business Administration (SBA). The federal loan program, which is administered by local banks or certified 30 | Insight • D e c e m b e r 2 012 development companies, provides crucial funding to get help businesses that might otherwise be unable to get a traditional business loan, says Wenda Roycraft, senior vice president with First National Bank-Fox Valley. "SBA loans are just one of the pieces in our toolkit to help "The SBA had its best two years ever in fiscal 2011 and 2012 nationwide when it comes to awarding funding." –Jeff S heffler, government guaranteed lending program manager for Associated B ank w w w. i n s i g h t o n b u s i n e s s . c o m