Washington, DC – The National Association of Development Companies (NADCO) is announcing a new, monthly Small Business Lending Report (SBLR), released the second Thursday of every month. This new report will offer monthly metrics on small business access to capital, job creation, interest rates and small business loan volume nationwide through the SBA 504 real estate and asset finance program.
Each month, NADCO will release average interest rate and loan volume. Combined and assessed historically, this will serve as a measure of the health of small business lending -- a core contributor to the health of the U.S. economy.
“Access to capital is critical for small business to create and sustain jobs,” said Beth Solomon, President and CEO of NADCO. “The Small Business Lending Report will offer valuable insight into how and to what degree small businesses are accessing finance and growth.”
“Small businesses create seven out of 10 of net new jobs in our economy, so we need to ensure that access to capital is strong, as well as where the gaps are and how to address them,” Solomon said.