Thursday, April 25, 2013

SBA loans are good for the economy

SBA 7(a) loan volume for the week ending April 19th surged to just over $293,840,000.  

That's a nice little pick up in pace.

Keep in mind that the correlation of SBA 7(a) loan approvals with our nation's economic performance appears to be quite strong.

Just for fun I calculated the correlation coefficient between SBA 7(a) loan volume and GDP for over six years using the Microsoft CORREL function.  It came out to a statistically significant 0.86.

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