Is SBA 7(a) Volume Really Down? Not If You Measure It Against FY2024
August 11, 2026
Bob Coleman
Founder & Publisher
Is SBA 7(a) Volume Really Down? Not If You Measure It Against FY2024
SBA 7(a) loan count is down sharply in FY2026.
But dollar volume tells a different story.
The government shutdown distorted the year-over-year comparison, and once you normalize for those lost approval days, the picture changes materially.
It gets even more interesting when you compare FY2026 with FY2024.
Fewer loans.
More dollars.
And a very different mix of loan sizes underneath the headline numbers.
We went through the SBA 7(a) FOIA file through June 30 to find out where the dollars are actually going, which parts of the market are shrinking, and which are growing.
The answer is not what the loan count suggests.
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