Tuesday, January 21, 2014

SBA Loans Are Good For the Economy

SBA 7(a) loan approvals totaled $244,488,000 for the week ending January 10, 2014.

This is a slow start to the year as this was the first full work week after Christmas and New Year's.  The week before, ending January 3rd, SBA 7(a) loan approvals totaled $231,968.

SBA 7(a) loan volume is a leading economic indicator with a statistically significant correlation coefficient of 0.86 to GDP.

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