Small Business Lending IndexsuperscriptstartTMsuperscruptend August 2016

Small banks and Alternative Lenders Experience Setbacks

Loan approval rates at big banks ($10 billion+ in assets) bounced back in August 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. Further, approval percentages at institutional lenders hit a new Index high. Meanwhile, approval rates at small banks and alternative lenders and credit unions stalled.