Thursday, April 3, 2014

SBA Loans Are Good For the Economy

SBA 7(a) loan approvals totaled $1,590,460,000 for the month of March.  

That’s up from February’s approvals of $1,323,495,000 which was an improvement from January's $1,193,005. 

Overall, that’s a nice pick-up over the fourth quarter of 2013:

1st quarter 2014                $4,106,960,000
4th quarter 2013:             $3,989,696,000
3rd quarter 2013:             $5,371,662,000
2nd quarter 2013              $4,273,683,000
1st quarter 2013               $4,049,146,000
4TH quarter 2012             $4,173,790,000
3rd quarter 2012              $4,359,166,000
2nd quarter 2012              $4,039,042,000
1st quarter 2012                 $3,443,723,000


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.


No comments:

Post a Comment