Thursday, June 9, 2011

The Sky Isn't Falling After All

Here is some good news to counter all recent gloomy economic news.

When reporting SBA 7(a) loan volume, the SBA gives us GROSS loan approvals, before cancellations. Taking into account cancellations, net approvals are only about $13.3 billion, and at the current pace SBA should not run out of loan authority for the 7(a) program.

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