Wednesday, June 16, 2010

SBA 7(a) Weekly Lending Update

As of June 11, 2010, the SBA has approved $10,319,178,000 in SBA 7(a) loans. This is an increase of $101,319,000 over the previous week. Through the same period last year, $5,366,723,000 in SBA 7(a) loans had been approved. Volume has almost doubled with the increased guarantee and waiver of the guarantee fee.