According to the SBA, $568,760,000 in SBA 7(a) loans were approved last week. This is a significant increase over the prior weeks.
Year to date, $12,505,834,000 in SBA 7(a) loans have been approved. The entire 7(a) program is authorized for $17,500,000,000.
7(a) loan funding could very well run out before the fiscal year ends in September.