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$90 Million In Loans To Small Businesses In SD

November 1, 2012, 3:50 PM by Angela Kennecke

$90 Million In Loans To Small Businesses In SD

The amount of money being lent to small business in South Dakota has jumped a whopping 44 percent.

The bank loans backed by the Small Business Administration totaled more than $90 million, setting a new record.

The loans went out to 227 small businesses in the state.

The SBA says that helped either create or maintain some 3,600 jobs.

That makes South Dakota one of the top three states in the nation for small business lending.

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