Small business loans acquired in South Dakota up

South Dakota experienced a near-record year in small business loans as the rest of the nation struggled with hardening economic times.

South Dakota was one of only four Small Business Administration districts to meet its goals during fiscal year 2008, which ended Sept. 30.

The state recorded an 8 percent increase in SBA loans, while the number of loans nationwide dropped 29 percent.

Kelly Hildebrandt • [email protected]

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