Monday, June 6, 2011

SBA 7(a) Weekly Lending Update

Will the SBA 7(a) program run out of money before its fiscal year ends on September 30th?

So far SBA has approved $14,407,180,000 in SBA 7(a) loans.  That leaves only $3,092,820,000 left for the next 16 weeks. 

In the last two weeks, SBA has approved $462,855,000 in SBA 7(a) loans.   

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