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We are a bit over a month into the SBA’s fiscal year 2024, and the problem of stale and out-of-date data on the SBA’s website is getting worse.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...
