Tuesday, November 16, 2010

SBA 7(a) Weekly Lending Update

Another $327,346,000 in SBA 7(a) loans were approved last week, bringing the year to date total to $2,617,342,000.

Demand for SBA 7(a) loans remains strong as a result of the increased guaranty, guaranty fee waiver, the attractive low rate, and the lack of other lending options.

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