SBA Offered Record Amount of Export Assistance in 2015
The Small Business Administration approved 1,777 loans to exporters for $1.5 billion, $730 million of which derived from one of SBA’s “core loan” programs in fiscal 2015, Toni Corsini, regional manager of the Export Solutions Group in SBA’s Office of…
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International Trade, told House lawmakers on Feb. 22, according to remarks submitted in advance of a hearing (here). Those core programs are the Export Express Program, the Export Working Capital Program, or an International Trade Loan. Export loan totals in both SBA’s “core” and non-core areas were records for the agency, even while overall U.S. exports dropped 4.8 percent, Corsini during the House Small Business Subcommittee on Agriculture, Energy, and Trade field hearing in New York. More hearing materials can be found (here).