Only $302,053,000 in SBA 7(a) loans were approved for the week ending February 14, 2014. This weak week comes after an exceptionally slow January for SBA 7(a) loan approvals.
If you think that the economy might be sputtering, you might be right. SBA 7(a) loan approvals are at its slowest pace since the first quarter of 2012.
Keep in mind that the correlation coefficient between SBA 7(a) loan approvals and our economy's Gross Domestic Product is a statistically significant 0.86.