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SBA loan volume dropped 36% in fiscal 2009

The Small Business Administration issued year-end figures for fiscal 2009, and the numbers aren’t pretty. About 25,000 fewer entrepreneurs received SBA loans, and the dollar value of those loans plunged 27%. Nine of the 10 biggest SBA lenders cut their volume by at least 30%, and one was shut down by regulators. One glimmer of hope: Monthly loan volume has picked up, and September was the biggest month of the year for SBA loans.