First, we will note that the Community Reinvestment Act was signed into law on October 12, 1977, 48 years ago. It appears that the Government shutdown is affecting data releases from the SBA. Consequently, we don’t have updated data on 504 loan originations for... 
SBA 504 loan originations are up 15.1% as of August 31, 2025, compared to the prior fiscal year. This represents a noticeable deceleration compared to the 18.2% rise posted as of July 31, 2025. Year-to-date approval volumes remain below volumes reached year-to-date in... 
SBA 504 loan originations are up 18.2% as of July 31, 2025, compared to the prior fiscal year. This represents a noticeable deceleration compared to the 19.3% rise posted as of June 30, 2025. Still, year-to-date approval volumes have slipped a bit to stand below... 
SBA 504 loan originations are up 19.3% as of June 30, 2025 compared to the prior fiscal year. This represents a noticeable acceleration compared to the 18.5% rise posted as of May 31, 2025. Still, year-to-date approval volumes have slipped a bit to stand below volumes... 
SBA 504 loan originations are up 18.5% as of May 31, 2025 compared to the prior fiscal year. This represents a noticeable deceleration compared to the 21.3% rise posted as of April 30, 2025. Still, year-to-date approval volumes remain at the highest level in the last... 
SBA 504 loan originations are up 21.3% as of April 30, 2025 compared to the prior fiscal year. This represents a slight acceleration compared to the 21.0% rise posted as of March 31, 2025. Year-to-date approval volumes are at the highest level in the last five years,... 
SBA 504 loan originations are up 21.0% as of March 31, 2025 compared to the prior fiscal year. This represents a modest deceleration compared to the 25.0% rise posted as of February 28, 2025. Year-to-date approval volumes are at the highest level in the last five... 
Four months into fiscal year 2025, SBA 504 loan originations are up 25.0% as of February 28, 2025 compared to the prior fiscal year. This represents a noticeable acceleration compared to the 18.5% rise posted as of January 31, 2025. Year-to-date approval volumes are... 
Three months into fiscal year 2025, SBA 504 loan originations are up 13.9% through December 31, 2024 compared to the prior year. This represents a modest deceleration compared to the 18.6% rise posted as of November 30, 2024. Year-to-date volumes are the highest since... 
Two months into fiscal year 2025, SBA 504 loan originations are up 18.6% through November 30, 2024 compared to the prior year. This represents a significant acceleration compared to the 8.8% rise posted as of October 31, 2024. Year-to-date results are the best since... 
