Tuesday, July 12, 2011

SBA 7(a) Weekly Lending Update

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.

No comments:

Post a Comment