504 Lending is on the Upswing
SBA 504 loan volumes are up across the board over FY 2006. The loan volume data from the SBA through July 27, 2007, is as follows:
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504 loans by dollar are up 9.3% over FY 2006 to $5,036,286,000
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504 loans by number are up 6.9% over FY 2006 to 8,604 loans
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504 loans to African Americans are up 43% over FY 2006 to $119,234,000
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504 loans to minorities are up 14% over FY 2006 to $1,637,446,000
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504 loans to women-owned businesses are up 19% over FY 2006 to $761,897,000
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504 loans to rural areas are up 14% over FY 2006 to $1,254,729,000
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