Small businesses in Western New York continue to get approved for loans guaranteed by the federal government, but at a pace that's slower than last year.
Through April – seven months into the government's 2018 fiscal year – 480 loans were approved in the U.S. Small Business Administration's Buffalo District Office. The loans were OK'd through the SBA's popular 7(a) lending program.
That reflects a nearly 7 percent drop from the same time last year when 516 loans were approved.
