There are only about 300 SBIC's in America so this is a significant increase for one year
Chicago, IL (PRWEB) October 27, 2011
Clopton Capital is an SBA loan provider that is located in Chicago, IL. They primarily focus on commercial mortgages, SBA loans and niche financing mechanisms such as gas station loans and semi truck financing. The founder of Clopton Capital is Jake Clopton and this press release is part of Clopton Capital's consistent effort to remain involved with the public, namely their future clients. Clopton Capital can be contacted at CloptonCapital.com.
Clopton Capital has recently learned that October was a record setting month for growth capital to small businesses via the Small Business Administration. The Small Business Administration claims this is largely because the SBIC (Small Business Investment Company) has cuts licensing time in half. The SBA claims they are at a fifty year high for total dollars invested in small businesses. The amount financed to these small businesses is roughly double what their previous five year average has been.
Clopton Capital is pleased to see such a commitment to providing SBA loans as it is a significant portion of their business and they believe so very important to the U.S. economy. “Job creation and stability is definitely the most important factor in aiding the economy in the short run. While debt and other issues matter, nothing is more important than people having a consistent and stable income and this is what Small Business Administration works to do more than any other government agency”, said Jake Clopton, the founder of Clopton Capital.
The Small Business Administration and Clopton Capital agree that the reason the SBA has increased it's lending capacity so much in 2011 is largely because the SBA has added 22 new SBIC's to their organization. SBICs are privately-owned and managed investment firms that are licensed and regulated by SBA. “There are only about 300 SBIC's in America so this is a significant increase for one year”, said Matt Reed, an associate of Clopton Capital.
Clopton Capital can be contacted at their website CloptonCapital.com or at 866.647.1650 during regular business hours central time. Their website contains more specific information about their commercial loans. Their website dedicated entirely to SBA loans is SBABusinessLoanSource.com.