Friday, June 28, 2013

SBA loans are good for the economy

SBA 7(a) loan approvals totaled $361,478,000 for the week ending June 21st.  

That’s two solid weeks of SBA 7(a) loan volume that puts us on pace to beat the 1st quarter of 2013.

This bodes well for economic growth moving forward.

Remember, 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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