Monday, September 30, 2013

SBA loans are good for the economy

Gross loan approvals YTD thru last Friday totaled $ 17.243 billion.  We had $740 million in approvals last week…$1.8 billion month-to-date!

This spike in loan volume is a result of SBA lenders anticipating a shutdown of the government.

Once a shutdown happens, no SBA loans can be approved.

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