Tuesday, September 7, 2010

SBA 7(a) Weekly Lending Update

$12,118,754,000 in SBA 7(a) loans have funded through the week ending September 3rd. That is an increase of $191,507,000 from the prior week.

Another $181,876,400 in SBA 7(a) loans are in the Recovery Act loan queue awaiting possible guaranty fee relief. With 445 loans in the queue, that is an average loan size of $408,000. The guaranty fee would be $9,180.

Funding for guaranty fee waivers is the subject of legislation scheduled for a Senate vote on Spetember 14th.

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