Small Business Lending IndexsuperscriptstartTMsuperscruptend April 2016

Alternative Lenders, Credit Unions and Institutional Lenders Falter

Loan approval rates at both big banks ($10 billion+ in assets) and small banks thrived in April 2016, according to the latest Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com. Meanwhile, approval percentages dropped significantly at alternative lenders. Institutional lenders and credit unions also experienced a slight drop in their loan approval rates in the last month.