Friday, May 2, 2014

SBA Loans Are Good For the Economy

Things are starting to look up.  April’s SBA 7(a) loan approvals totaled $1,591,774,000 for the month ending April 30th.  That beats March by $1,314,000.

This makes it the fourth straight month of improving SBA 7(a) loan volume:

April                     $1,591,774,000
March                   $1,590,460,000
February             $1,323,495,000
January               $1,193,005,000

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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