Wednesday, October 20, 2010

SBA 7(a) Weekly Lending Update

Over a billion dollars in SBA 7(a) loans were approved last week. A billion dollars! $1,171,902,000 to be exact.

For the week ending October 15th, 3,236 loans totaling $1,171,902,000 were approved by the SBA.

The increase can be obviously attributed to the Recovery Act enhancements of the 90 percent guarantee and guarantee fee waiver.

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