Tuesday, November 23, 2010

SBA 7(a) Weekly Lending Update

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.

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