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.
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.
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.
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