Friday, October 29, 2010

SBA 7(a) Weekly Lending Update

So far this new fiscal year $1,554,986,000 in SBA 7(a) loans have been approved.

This is an increase of $373,840,000 over the prior week.

For the fiscal year ending September 30th, $12,630,559,000 in SBA 7(a) loans were approved.

For the fiscal year ending September 30th, 2009, $9,286,218,000 in SBA 7(a) loans have been approved.

The SBA 7(a) loan program had been approving just over $14 billion back in 2006 and 2007.

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