SBA-backed lending in the new fiscal year continues to rebound. Loan approvals for FY 2012 for 7(a) and 504 combined reached $21.8 billion ($30.25 billion “supported”), compared with $24.48 billion in approvals for FY 2011 (or $30.5 billion supported). FY 2012 was SBA’s second biggest year ever in dollar terms.
SBA loans in the Kansas City district totaled $113 million through the first four months of fiscal year 2013 – 33 percent more than this time last year. The Kansas City district covers 28 counties in eastern Kansas and 61 counties in western Missouri.