Home mortgages bolster small businesses

The use of homes and other personally owned real estate to finance business activity has risen dramatically. Volume of second mortgages on real property has risen 200 percent to $15 billion over the past five years. An increasing portion of these proceeds are being obtained by small businesses to meet pressing financial need, according to William R. Hobson, president of BA Business Credit Corporation, a BankAmerica financial service company.

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