There are less than two weeks left in the SBA's fiscal year.
Through September 17th, SBA has approved $12,400,530,000 in SBA 7(a) loans. While this is a substantial increase in lending volumes over the last two fiscal years, it is only a $137,592,000 increase over the prior week.
On annualized basis, that is substantially less than last fiscal year.
The drop in volume can be attributed to many lenders now waiting for passage of HR 5297 which will once again temporarily increase the percent of guaranty to 90 and waive the guaranty fee.