SBA 7(a) Weekly Lending Update

As of July 9th, the SBA approved $10,722,357,000 in SBA 7(a) loans. That is an increase of only $87,619,000 over the prior week. While it was only a four day work week due to the Fourth of July holiday, approvals still only averaged $21,904,750 a day, the lowest since SBA started tracking this stuff.