Wednesday, May 11, 2011

SBA 7(a) Weekly Lending Update

SBA loan activity jumped up a little bit.  Another $260,154,000 in SBA 7(a) loans were approved for the week ending May 6th.  

That leaves only $4,076,719,000 left in the program until the fiscal year ends on September 30th.  That's 20 weeks away meaning loan approvals would have to average $203,836,000 per week to last. 

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