Wednesday, December 4, 2013

SBA Loans Are Good For the Economy

Thankful SBA 7(a) lenders and borrowers took a break for Thanksgiving as $285,510,000 in SBA 7(a) loans were approved for the week ending November 29th.

While down from the prior week, the month of November had $1,303,555,000 in SBA 7(a) loan approvals.

SBA 7(a) loans contribute positively to the economy as the correlation coefficient between SBA 7(a) loan approvals and the gross domestic product is a statistically significant 0.86.

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