Feds loaned $7.7 million to small businesses in Bishop Arts area

DLM Supply Co. is one of the small businesses in the 75208 zip code that received a small business loan in 2016. Photo courtesy of DLM Supply

The United States Small Business Administration loaned $7.7 million to startups in the Bishop Arts area in the 2016 fiscal year.

In the 12 months ending Sept. 30, the SBA awarded 11 small-business loans in zip code 75208, which resulted in 224 new jobs, according to their estimation.

The SBA ranked the Dallas/Fort Worth area sixth in the country in the number of small business loans with 2,052. And fourth by loan dollars, $978.7 million.

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