SBA-backed loans double in Georgia

Georgia companies received $218.7 million in SBA-backed loans during the past three months, compared to just $92 million a year earlier.

Of course, that is not enough to turn the tide in the state’s $390 billion-a-year, 3.8 million-employee economy. But every job created is a paycheck that hadn’t been there before.

If the SBA loans in Georgia were spread through the economy, where the average pay is $43,000 a year, the money would cover 5,000 more jobs.

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.