Growth Trends In 2018 Further Loan Demand
Growth Trends
Growth trends in the economy are the big news reporting for the second quarter of 2018!
Major news publications are touting News headlines of 4.1% GDP growth.
Growth Trends: National Economic Growth!
Because of the Tax Cuts and Jobs Act the Small Business Administrator Linda McMahon is expressing excitement regarding low unemployment and SBA loan growth. (SBA Administrator’s Statement )
Growth Trends: SBA Administrator McMahon’s Statement on Six Months of the Tax Cuts and Jobs Act.
And with these fantastic trends LinkedIn is publishing upbeat LinkedIn Workforce Reports, especially for the Dallas and Fort Worth market area.
Growth Trends: Hiring is up 9.1% from June of 2017 to June of 2018!
Economically speaking, things are looking good!
Loan Demand is Growing!
Everywhere in the Dallas Chamber Economics Report area we see the building of new homes and apartments, big companies moving in, small businesses expanding, and new ventures opening! Capital is flowing into the market and lending is increasing.
Small business lending is frequently helping to start new businesses, expand existing businesses, and assisting in the purchase of inventory, equipment, and real estate. According to the National Small Business Association Economic Report nearly 7 out of 10 businesses have used financing, including loans, credit cards, venture capital and crowdfunding. The other 3 out of 10 businesses were not able to obtain adequate financing.
The NSBA report indicates small business loans are a key component of economic growth. There is a direct relationship between small business financing access and the ability to hire employees. In 2017, the SBA facilitated the lending of over SBA Lending Performance Report. Approving over 68,000 loans in the SBA 7(a) Loan Program and SBA 504 Loan Program programs. Since the 2018 period is projected to be another record year you don’t want to miss out!
Don’t Be Left Out!
Lenders are offering business loans at competitive rates and terms! We are helping business owners to find the best financing options available. Our professionals at NTLA know that opportunities in 2018 are ripe for you to grow your business! We can help you successfully obtain the proper financing that brings you success.