SBA 7(a) loan approvals totaled $357,642,000 for the week ending May 2nd.
Year to date SBA 7(a) loan approvals are at $9,827,563,000 about 1 1/2 percent over last year.
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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