$26M in SBA Loans for Q1

So far in Buffalo district the SBA has approved 168 loans in the first quarter. This is compared to the $58 million loaned in the 2007 fiscal year. This is a good start for Buffalo and $7.8 Million were through the popular 7(a) Express Program.  The biggest advantage for 7(a) Express loan is the 36 hour turnaround time for approval and the maximum loan amount is $350,000.

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