Wednesday, June 15, 2011

SBA 7(a) Weekly Lending Update

SBA 7(a) loan approvals jumped up last week to $290,785,000.

That brings the year to date total to $14,697,965,000.

More and more borrowers and lenders are turning to the SBA 7(a) loan program to refinance debt, fund working capital, buy equipment, acquire businesses and buy real estate.

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