Wow! SBA loan volume has exploded. Last week $509,303,000 in SBA 7(a) loans were approved, bringing the year to date total to $3,126,645,000.
Over the same period last year $2,268,868,000 in SBA 7(a) loans were approved and the year before that only $1,042,0914,000 in loans had been approved.
Obviously the increased guarantee and the guarantee fee waiver are working.