SBA 7(a) Weekly Lending Update

The 90 percent guaranty made a difference.

According to SBA, all of the loan applications placed in the U.S. Small Business Administration’s loan queue by small business borrowers have received final approval. The approvals, which were completed Monday, amount to 1,939 loans for nearly $970 million.

For a copy of the press release from SBA, go here-
http://www.sba.gov/idc/groups/public/documents/sba_homepage/news_release_10-57.pdf

There are only 86 days left until the increased guaranty fee and fee expires.