As of May 22, 2010, the SBA has approved $9,425,913,000 in SBA 7(a) loans since October 1st, 2009. This compares to only $4,788,315,000 through the same period last year.
25% of the loans approved so far this year has been for start-up businesses. Two years ago almost 40% of SBA 7(a) loans were for start-ups.
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About Me
- Jim Ely the sbapro
- Jim Ely has been doing SBA loans since 1984 when he began working at Stultz Financial.
Index to what's here
- Current rates (125)
- SBA loan basics for borrowers (13)
- SBA weekly lending update (124)
- self-storage (7)
- tip of the week (240)
Questions?
Loan Application
To apply for a SBA loan, you will need to provide:
1) Your personal financial statement
2) Your business and personal tax returns last three years
3) A current balance sheet and income statement for your business
That's enough to let you know if you are pre-qualified for a SBA loan.
1) Your personal financial statement
2) Your business and personal tax returns last three years
3) A current balance sheet and income statement for your business
That's enough to let you know if you are pre-qualified for a SBA loan.
We are paid by the lender!
Blog Archive
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2010
(140)
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May
(12)
- SBA Reactivates Recovery Loan Queue as Funding Is ...
- SBA 7(a) Weekly Lending Update
- SBA Rate Update
- FDIC Quarterly Banking Profile
- Bump in the Road for Commercial Real Estate Values
- The SBA and fugacious
- SBA Lending is the ONLY Government Program That Works
- SBA Rate Update
- SBA Rate Update
- Why did the unemployment rate rise?
- How the SBA turned $730 million into $26 billion
- The SBA and wieldy
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May
(12)