Small Business Lending IndexsuperscriptstartTMsuperscruptend December 2016

Alternative Lenders and Credit Unions Continue to Falter

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders finished the year strong, improving to post-recession highs in December 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 saw an increase in the approval rates of funding requests last month. However, alternative lenders and credit unions continued their downward spiral in loan approval rates, a disconcerting trend that spans over two years.

Dec16 Lending Index Infographic