Tuesday, April 29, 2014

SBA Loans Are Good for the Economy

SBA 7(a) loan approvals totaled $388,467,000 for the week ending April 25th.

This is the best week of the month.

Month to date SBA 7(a) loan approvals are at $1,373,265,000.  

With three days to end the month, it might be hard to beat March's SBA 7(a) approvals of $1,590,460,000.

Keep in mind that the correlation coefficient between SBA 7(a) loan approvals and the Gross Domestic Product is a statistically significant 0.86.

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