Tuesday, October 22, 2013

SBA Loans Are Good For the Economy

The SBA is doing a good job of playing catch-up.

Small Business Administration officials returned to work on Thursday October 17th to find a backlog of several hundred loan-guarantee applications that were filed during the 16-day government shutdown.

In just two days, 929 SBA 7(a) loans were approved totaling $294,770,000.  

This just might be an example of Parkinson’s Law in reverse.

Parkinson's law is the adage first articulated by Cyril Northcote Parkinson as part of the first sentence of a humorous essay published in The Economist in 1955:

Work expands so as to fill the time available for its completion.

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