Small Business Lending IndexsuperscriptstartTMsuperscruptend November 2016

Alternative Lenders and Credit Unions Continue to Plummet

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders continued their recent surge, improving to new highs in November 2016, according to the most recent Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend,the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com. Small banks also experienced an uptick in small business loan approval rates in the last month. At the same time, approval rates at alternative lenders and credit unions dropped in the last month.