Tuesday, August 17, 2010

SBA 7(a) Weekly Lending Update

Signs of life in 7(a) lending?

SBA 7(a) loans jumped by over $251,825,000 in the last week, bringing the total to $11,540,044,000 for the year.

This is the biggest one week increase since the expiration of the increased guarantee and guarantee fee waiver which occurred at the end of May.

Another 427 loans totaling $181,082,300 sit in the loan queue at SBA awaiting the possibility of funding with the guarantee fee waiver.

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