10.19.14: SBA 7(a) Loan Volume Rises in Fiscal Year 2014

SBA 7(a) loan volumes continued to grow modestly, continuing a two-year growth pattern since 2012, according to a report by Charles H. Green, although fiscal 2014 (October 1, 2013 through September 30, 2014) was a year without noteworthy economic growth and lenders facing a number of changes in the banking landscape as well as changes to the SBA Standard Operating Procedures (SOP). In fiscal 2014, $19.19 billion of SBA 7(a) loans were approved, up 7.4% from the $17.86 billion approved in fiscal 2012 (see the graph below). For SBA 7(a) loans > $150,000, the amount approved increased to $17.33 billion from $16.42 billion, up 5.5%. The average loan size of $378,737 in fiscal 2014 was lower than the average of $385,078 in fiscal 2013.

This entry was posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, Valuexpress and tagged , , , , . Bookmark the permalink.

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