Wednesday, December 1, 2010

SBA 7(a) Weekly Lending Update

Another $364,611,000 in SBA 7(a) loans were approved last week despite Thanksgiving. That brings the year to date total for the SBA 7(a) loan program to $3,491,256,000.

Demand for SBA 7(a) loans remains high due to the lack of credit elsewhere, the increased guarantee percentage and the SBA guarantee fee waiver.

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