One of the more popular loan programs administered by the US Small Business Administration is rapidly approaching its lending limit and will likely be suspended at the end of the month.  The 7(a) loan program is authorized to loan $18.75 billion this fiscal year, but some $16.6 billion had already been guaranteed by July 11.  If Congress does not increase the lending limit, it is projected that the program will be suspended until it is re-funded for the next fiscal year, which doesn’t begin until October.  Historically, as the program gets closer to its limit, banks accelerate their loan processing to ensure their customers do not miss out on the government guaranteed loans.