Total approved loans in the S.B.A.’s guaranteed loan programs fell to just $647 million for the month, down two-thirds from $1.9 billion in May, according to figures provided by the agency. It was the worst month for S.B.A. lending in years, perhaps decades.

Even during the credit crisis that began in the fall of 2008 the S.B.A. approved more loan dollars than it did last month.

Click the link below for the complete article!

Small Business Lending in US Collapsed in June