SBA approved $205,494,000 in SBA 7(a) loans for the week ending April 22. Year to date total is now up to $12,928,981,000.
This is a slight drop from last week and a big drop from the week prior to that when volume had spiked to $568 million. That spike was obviously a result of lenders submitting as many deals as they possibly could before the SBA may have shut down.
With the threat of a shutdown now behind us, the challenge will be if the SBA 7(a) program runs out of money before the end of the fiscal year on September 30th.