SBA: $44.8B in 2021 lending through signature programs

The SBA said its 7(a) and 504 loan programs supported more than 61,000 traditional loans worth $44.8 billion in fiscal 2021. The lending comprised:

• Nearly 52,000 7(a) loans worth more than $36.5 billion.

• 9,600 504 program loans worth more than $8.2 billion.

• $71.8 million in microloan funding to nearly 4,400 small businesses.