Tuesday, June 25, 2013

SBA Loans Are Good for the Economy

SBA 7(a) loan approvals totaled $362,297,000 for the week ending June 14th.  

This is a nice little jump from the prior week when SBA approved $300,328,000 in SBA 7(a) loans.

SBA 7(a) loan volume is a leading economic indicator as the correlation coefficient between SBA 7(a) loan volume and GDP is a statistically significant 0.86.

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