The Biz2Credit Small Business Lending Index is an analysis of 1,000 monthly loan applications on Biz2credit.com. The Index reports the loan approval rates of small business financing requests at big banks ($10 billion+ in assets), local and regional banks and non-bank lenders (credit unions, Community Development Financial Institutions (CDFI), micro lenders, and others).
Unlike other surveys, the results are based on primary data submitted by more than 1,000 entrepreneurs who applied for funding on Biz2Credit's online lending platform, which connects small business borrowers with more than 1,200 lenders nationwide.
Results of the Biz2Credit Small Business Lending Index have been reported by The Wall Street Journal, Bloomberg BusinessWeek, Entrepreneur.com, Bloomberg Radio's "The Hays Advantage", SBA Radio, NY Daily News, Crain's NY Business, Michigan Banker, and other media. For January 2014 Lending Index Click here