Are you getting good results from your small business marketing? If your results are falling short of your expectations, perhaps it’s because you’re not investing enough money in your marketing campaigns. How much money should a small business spend on marketing annually, and how can you make the most of your precious marketing budget? Find out what you need to know...
SBA Lending Across New England
7(a) Lending
The 7(a) Loan Program, SBA’s most common loan program, includes financial help for businesses with special requirements. So far in Fiscal Year 2019 (October 1, 2018 - June 30, 2019) SBA approved 2486 loans for $599,718,507 across New England. The top 5 7(a) lenders for this time period by number of loans are:
Eastern Bank - 357 loans for $40,413,800
TD Bank - 289 loans for $20,801,600
Webster Bank - 157 loans for $45,117,200
People's United Bank - 100 loans for $16,044,600
Citizens Bank - 76 loans for $25,204,742
504 Program
This loan program provides financing for major fixed assets such as equipment or real estate. For the same time period the Certified Development Companies approved 409 loans for $218,399,000. The top 5 504 lenders are:
Granite State Economic Development Corp - 173 loans for $79,436,000
Bay Colony Development Corp - 86 loans for $49,568,000
New England Certified Development Corp - 77 loans for $56,332,000
Ocean State Business Development Authority - 23 loans for $7,438,000
Community Investment Corporation - 16 loans for $9,157,000
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