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Small Business

What Businesses are Getting SBA Loans?

More than 125 different types of businesses in Alabama have received government-backed loans so far this fiscal year, which ends Sept. 30, according to data from the U.S. Small Business Administration’s Alabama district office.

As of today, 279 SBA loans, totaling $135.4 million, have been doled out to businesses around the state.

Hotels and motels, with 14 loans, have received the highest dollar amount of loans at $21.9 million. Those businesses, which exclude casino hotels, were approved for more than double the funds of any other industry in the state.

Here’s a breakdown of other businesses with the highest total loan amounts:

Read the entire article at BirminghamBusinessJournal.com.

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