Tuesday, November 26, 2013

SBA Loans Are Good For the Economy

SBA approved $410,795,000 in SBA 7(a) loans for the week ending November 22.  

The month to date loan approvals total $1,018,045,000.   Year to date loan approvals are at $1,897,258,000 which is slightly higher than the similar period in FY 2012 ($1,843,286,000).  

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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