Is the SBA 7(a) loan program going to run out of money?
Another $234,146,000 in SBA 7(a) loans were approved during the week ending April 29th. That brings the year to date total to $13,163,127,000. A total of $17,500,000,000 in SBA 7(a) loans are authorized for the fiscal year which ends September 30th.
That leaves us with $4,336,873,000 remaining. With 21 weeks left in the fiscal year loan approvals need to average $206,517,760 per week or the SBA runs out of money.