Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend February 2017
Lending at Alternative Lenders Continues to Falter; Credit Union Loan Approval Rates Remain Stagnant
Loan approval rates at big banks ($10 billion+ in assets) improved to new post-recession highs in February 2017, according to the latest Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com. Small banks and institutional investors also experienced an uptick in their loan approval rates in an overall favorable month for small business lending. Meanwhile, loan approval rates at credit unions remained stagnant and approval rates at alternative lenders dropped.