Wednesday, March 12, 2014

SBA Loans Are Good For the Economy

The month of March began slowly for SBA lenders and borrowers as only $285,390,000 in SBA 7(a) loans were approved for the week ending March 7th.  

Total  SBA 7(a) loan approvals for the entire month of February were $1,323,495,000 compared to January's $1,193,005.   Forth quarter 2013 loan approvals totaled $3,989,696,000.

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.

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