How has the business cycle affected SBA loans?

While the economic downturn has substantially affected the number of SBA loans, the dollar amount has changed 
less. In some ways SBA loans are a shock absorber in times when credit is tight, but even this program is not 
immune to the economics of decreased loan demand in the peak and nadir of a downturn. Making the data difficult 
to interpret is the fact that SBA guarantees and fees have changed over the years; this creates various pullbacks and 
surges in the SBA loan program such as the spike in lending at the end of 2010.