Wednesday, August 21, 2013

SBA Loans Are Good for the Economy

$357,346,000 in SBA 7(a) loans were approved for the week ending August 16th, bringing the year to date total to $14,669,453,000.  This is a nice up-tick from the prior week's loan volume of $317,142,000.

Remember, the correlation coefficient between gross domestic product and SBA 7(a) loan approvals is a statistically significant 0.86!

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