Tuesday, April 12, 2011

SBA 7(a) Weekly Lending Update

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.

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