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Small Business Take On More Debt

Date: 12/20/2006 | Category: Business | Author: Diana Heeb Bivona

A recent study by the SBA found that small businesses have more outstanding debt – especially the smallest businesses. From the period of their study, June 2004 to June 2005, the number and the dollar amounts of small business loans rose 25%. The number of small-business loans outstanding between $100,000 and $1 million increased 5%. Credit card use accounted for the largest portion of the increase.

Access to the complete report, including a state-by-state breakdown of lending to small business can be found at the SBA Office of Advocacy.

Or for more information conatct IncPardise.com who are specialist in incorportions and are helping to start new business, at 888-284-3821

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