SBA Financing Grows Rapidly
OAKLAND, CA—The hospitality hospitality industry in California is showing positive signs of economic recovery, as indicated by SBA financing secured by hotel owners, according to CDC Small Business Finance, the nation’s leader in SBA-504 loans used to purchase commercial real estate. Small Business Administration data reveals that SBA-504 financing approved for California hotels in FY14 has exceeded $163 million, more than triple the $56 million lent in FY13. The Bay Area, Los Angeles and San Diego
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