SBA Loans Are Good for the Economy

SBA 7(a) loan approvals totaled $1,782,874,000 for the month of May.  This is a 12% increase over April's 7(a) loan approvals and a 49% increase over approvals for the month of January.

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

May                       $1,782,874,000

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.