Once again (for the 4th time in six months), the SBA website data for YTD loan volumes for the SBA 7(a) and 504 programs is only partially updated, with prior fiscal year figures updated through June 30, but current year figures unchanged from May 31. We are using...
The direction of the two main SBA loan programs diverged a bit in May 2024. Through May 31, 2024, 504 loan originations slowed further compared to the prior year. 504 originations are now down 1.6% compared to the same point in FY2023, a modest deterioration from the...
For the first time in three months, it seems the data provided for year-to-date 504 lending volumes on the SBA website is up to date. Through April 30, 2024, 504 loan originations are down 1.2% compared to the same point in FY2023, a significant improvement from the...
504 loan originations are down 3.1% compared to the same point in FY2023, a significant improvement from the 22.1% decline reported at the end of February 2024. SBA 7(a) originations are now up 1.7% compared to the same period in FY2023, which is a drastic improvement...
Originations are down 22.1% compared to the same point in FY2023, noticeably lower than the 7.5% decline marked at the end of January 2024. We suspect that the program running the data has trouble recognizing February 29th, but multiple efforts to contact the SBA...
Through the end of December 2023, loan originations under the 504 loan program are down 5.8% compared to the same point in FY2023. This represents a noticeable improvement from the 13.6% decline versus the prior year measured one month ago. Comparisons to recent past...
We are a bit over a month into the SBA’s fiscal year 2024, and the problem of stale and out-of-date data on the SBA’s website is getting worse. Through the end of October, loan originations under the 504 loan program, 504 loan originations are down 13.3% compared to...
Through the end of November 2023, loan originations under the 504 loan program are down 13.6% compared to the same point in FY2023, which represents a modest deterioration from the 13.3% decline versus the prior year measured one month ago. Although year-over-year...
September 30 marks the end of the SBA’s fiscal year 2023, and loan originations under the 504 loan program concluded the year at substantially lower levels than in the prior two years. For the full fiscal year 2023, 504 loan originations are down 30.3% compared to...
With just one month remaining in the SBA fiscal year 2023, loan originations under the 504 loan program remainwell below the level of the prior two years. Through August 31, 2023, 504 loan originations are down 33.4% compared to the same point in FY2022, though this...
