Small Business Lending IndexsuperscriptstartTMsuperscruptend December 2015
Optimism for Continued Growth in Loan Approval Percentages as New Year Begins
Approval rates at institutional lenders and big banks improved to new post-recession highs in December 2015, according to today's Biz2Credit's December Small Business Lending IndexsuperscriptstartTMsuperscruptend , an analysis of more than 1,000 small business loan applications on Biz2Credit.com. As the U.S. economy has steadily improved, big banks and institutional lenders are more frequently granting loan requests. Additionally, small banks saw an increase in December loan approval rates in what has been an up-and-down year. Meanwhile, loan approvals at credit unions and alternative lenders continued to slow despite encouraging developments in the economy.