If you need an argument for securitizing your unguaranteed small business loans, PMC Capital can give you millions of them.

Thanks to a $3.3 million gain from selling the unguaranteed portion its loan portfolio, the Dallas-based nonbank lender reported record earnings of $4.7 million in the fourth quarter. That was an increase of 111% over the $2.2 million the company earned in the year-earlier period. For the year, the company earned $12 million, a 29% gain over 1993.

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