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We are a bit over a month into the SBA’s fiscal year 2024, and the problem of stale and out-of-date data on the SBA’s website is getting worse.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...
The SBA developed the 504 Certified Development Company Loan Program (the “SBA 504 Program”) to promote economic development and create jobs. Under the SBA 504 Program, a bank, credit union, insurance company or other financial institution, including...
