Greater Cincinnati small businesses borrowed money in the just-completed fiscal year at the fastest clip since the financial crisis struck in 2008, according to new Small Business Administration data.
The number of loans through the federal program to small businesses in the four major Southwest Ohio counties - Hamilton, Butler, Clermont and Warren - jumped 23 percent to 533, SBA data showed. That's the most local SBA loans since 2008, when local companies received 566 loans through the program. The dollar amount that banks loaned those companies also rose 26 percent to $164 million. That's the most in at least nine years. Figures are for the fiscal year that ended Sept. 30.