Tuesday, November 19, 2013

SBA Loans Are Good For the Economy

SBA 7(a) loan approvals for the one week period ending November 15th totaled $281,755,000.   

This is a slight drop from the prior week hopefully attributable to the Veterans' Day Holiday.

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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