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SBA loans strengthen Minnesota small businesses and 19,200 jobs with over $849 million during FY24 - Albert Lea Tribune

Summary by Albert Lea Tribune
The U.S. Small Business Administration announced the SBA delivered $56 billion in capital, disaster relief and bonding to small businesses and disaster-impacted communities across America in Fiscal Year 2024 (FY24). The total number of loans reached 1,963 in FY24, and total dollar amount of SBA backed capital increased, with $849 million of that capital making its way to Minnesota entrepreneurs. FY24 marks a nearly $50 million increase in SBA-ba…
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