More SBA-backed loans in Virginia going into default

The number of delinquent Small Business Administration-insured loans in Virginia is rising.

Last week BizSense reported that bankruptcy filings for businesses and individuals is rising in Richmond.

The SBA could not provide statistics in time for that story, but we have them now for the state of Virginia.

Fiscal Year: $ of purchased loans # purchased
2008 $9.4 million 175
2007 $12.5 million 143
2006 $8.7 million 93
2005 $6.9 million 82
2004 $7.4 million 76
2003 $13.6 million 96

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