The SBA collected $308.9 million in payments on defaulted loans and the sale of loan collateral for the 1997 fiscal year, the agency said last week.

The collections total is 16% more than in the previous year. About 30% of delinquent borrowers repay their loans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.