The Small Business Administration backed a record $10.9 billion of loans in fiscal 1997-including its most ever to women and minorities, the agency's administrator said.

Nearly 6,400 lenders made $9.46 billion of SBA-guaranteed loans for general business purposes under the agency's 7(a) program, Administrator Aida M. Alvarez said Nov. 6 at a National Association of Government Guaranteed Lenders conference in Monterey, Calif.

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