Nearly $270m in loans facilitated by Small Business Bureau last year, 51% of target

Information released by the Small Business Bureau (SBB) last week indicates that during last year the agency facilitated a total of fifty loans to clients   valued at $269.7 million and up to November 30, 49 of those loans valued at $221.8 million were disbursed.

This, according to the records provided by the Bureau represented the realization of 51 per cent of the Bureau’s target of 96 loans and 84% of the target disbursement value of $261.8 million.

Last year’s credit guarantee performance reflected a decrease in the performance for 2016 when 63 loans were approved and  62 disbursed, though the Bureau notes that the average size of loans last year increased to $4.52 million from $2.69 million in 2016.