SBA 7(a) Weekly Lending Update

Another $250,053,000 in SBA 7(a) loans were approved for the week ending May 13th.  That brings the year to date total to $13,673,334,000.  $17,500,000,000 has been appropriated for the fiscal year which ends September 30th.  That 19 weeks away which means the 7(a) program could run out of money before the year ends.