SBA 7(a) loan approvals enjoyed the Fourth of July holiday along with everyone else as loan approvals for the short week totaled only $200,373,000. That's down from $353,642,000 from the week before.
So far $15,847,220,000 in SBA 7(a) loans have been approved. This is a dramatic increase over the last two years and is a testament as to the SBA 7(a) loan program being a viable source of financing for small businesses.
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