Monday, October 28, 2013

SBA Loans Are Good For the Economy

The SBA is working through the backlog created by the government shutdown.

For the one week period ending October 25th, $308,113,000 in SBA 7(a) loans were approved.

The average SBA 7(a) loan amount appears to be declining.  The average SBA loan amount approved last week was $308,730.

There are no longer any guaranty fees on SBA 7(a) loans of $150,000 or less.

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