SBA 7(a) loan approval volume increased to $308,476,000 for week ending April 20. That brings the year to date total to only $7,492,500,000. That's a 42% decrease from the same period last year. While a lot of that volume last year was driven by stimulus act incentives such as an increased percent of guaranty, it should noted that the year before that volume for the same period was even higher than it is now. It was $8,301,686,000 for the same period in 2010.
SBA 504 loan approval is still somewhat robust as borrowers and lenders rush to get in their deals before the temporary debt refinance provisions expire.