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Small business official sees record year for California loans, new jobs.
Byline: Jordan Robertson
Jul. 23--The second-in-command official from the Small Business Administration rallied local bankers yesterday in preparation for a what she said is going to be a record year for lending and job creation.
Deputy Administrator Melanie Sabelhaus spoke to about 125 people representing 40 local SBA lenders at the Sheraton Four Points hotel in Kearny Mesa.
She cited statewide jobs figures that showed California created 12,300 new jobs last month and 136,300 in the past year.
"Small business is responsible for three-quarters of the net new jobs," she said in an interview. "You're seeing confidence. They're hiring, they're buying, they're investing in their companies. When I look at this robust recovery, small business has led the way."
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