Small Business Lending IndexsuperscriptstartTMsuperscruptend January 2017

Lending at Small Banks, Institutional Investors Remains Stagnant as Credit Unions Continue to Falter

Loan approval rates at big banks ($10 billion+ in assets) picked up where they left off in 2016, improving to post-recession highs in January 2017, according to the Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend,the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com. Alternative lenders also experienced an uptick in their loan approval rates in the last month. Additionally, loan approval rates at small banks and institutional investors remained stagnant while approval rates at credit unions dropped.